said 26 Oct 2023
When I say payments, I actually mean someone's entire financial life. If it involves money. It'll be on our platform. Money or securities or whatever. So, it's not just like send $20 to my friend. I'm talking about, like, you won't need a bank account.
Late by
1y 9m 5d
and 15h 46m 54s
— Elon Musk, contemporaneous report
X all-hands call, per audio obtained by The Verge, one year after the Twitter acquisition. On timing, in the same call: "It would blow my mind if we don't have that rolled out by the end of next year." CEO Linda Yaccarino called it a "full opportunity" in 2024. X was still applying for state money-transmitter licenses at the time.
What happened: X Money reached US Premium+ subscribers in late June 2026, eighteen months past the deadline, and X announced a wider US rollout on 27 July: a deposit account, peer-to-peer payments and a Visa debit card — with the accounts held at Cross River Bank, making "you won't need a bank account" a product that is itself a bank account. Since 2 September X has paid all US creators through it, and on 15 September it added a "Trade" button that sends users from ticker symbols to five outside brokerages and exchanges, where the trades actually happen. As of late September 2026 X Money is US-only, and the "entire financial life" platform remains undelivered.
due 31 Dec 2024
Receipt · archived original The Verge report of X all-hands call, Oct 26 2023 (opens in a new tab)