Rumors of an imminent X Payments launch are fueled by new code developments.

A recent leak of the latest software code behind Elon Musk’s X has sparked rumors that X Money — its anticipated payments system — may soon launch. The news has sent shockwaves through the tech community, with many speculating about the potential implications for users and the industry as a whole.

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X Money: A Payments System in Development

X has been working tirelessly to obtain money transmitter licenses across the United States for X Money. So far, it has secured licenses in 39 states. This significant step towards launching X Money has left many wondering when and how the payments system will become available.

Leaked Code Sparks Speculation

A purported screenshot of the latest code shows a crucial line: ‘X Money is not available in your state.’ This snippet has led some observers, including American entrepreneur Alex Finn, to speculate that X Money may launch in the US without approval from all 50 states. The implications of such a move are far-reaching and have left many questioning the regulatory framework governing online payments.

The Role of Cryptocurrencies

X Money would allow users to tip content creators on the platform, raising questions about the potential role of cryptocurrencies. Given Musk’s previous openness to Bitcoin (BTC) and Dogecoin (DOGE) payments in his other businesses, some speculate that cryptocurrencies could have a significant part to play.

Alex Finn Weighs In

According to Alex Finn, "X payments in one way or another will support cryptocurrency." He added that it is the fastest way to move currency. Crypto, he noted, would probably be a good amount of rails for [X] payments.

Confirmation from X CEO Linda Yaccarino

In a December 31 post on X, CEO Linda Yaccarino confirmed that the social media platform would launch X Money in 2025. However, X hasn’t confirmed the legitimacy of the source code leaked by MacRumors contributing researcher Aaron Perris or whether an X Money launch may be imminent.

The 39 States Where X Has Obtained a Money Transmitter License

If it is true that X Money is launching in these states, users would first need to access the payments feature in the following areas: Alaska, Delaware, Hawaii, Indiana, Massachusetts, Minnesota, Montana, New York, Vermont, Washington, and Wisconsin.

Speculation About Memecoin Support

Musk’s penchant for Dogecoin has led industry pundits to speculate whether the memecoin would be supported on X Money. Musk’s electric car manufacturing firm, Tesla, supports DOGE for merchant purchases, and holds $1.1 billion worth of Bitcoin (BTC), according to Arkham Intelligence data.

The Industry Implications

A launch of X Money could have significant implications for the industry as a whole. With its potential support for cryptocurrencies, it may pave the way for increased adoption and mainstream acceptance. However, regulatory hurdles remain, and the road ahead is far from clear.