Musk confirms that X Money will undergo testing before its launch in 2025

According to BlockBeats, on May 27th, Musk's payment and banking application X Money has started testing. The account 'Tesla Owner Silicon Valley', which focuses on news about Musk and Tesla, reported on X that Musk has confirmed that X is' about to launch X Money '. Musk subsequently confirmed this news on X post. Prior to Musk's default testing of X Money, there were a series of reports suggesting that the platform may be launched in January this year due to alleged software code leaks. According to licensing system data from multiple states in the United States, X has been actively obtaining multiple transmission licenses for X Money and has currently obtained 41 such licenses. The early idea of Musk's plan to integrate payment functionality into X can be traced back to October 2022, when Musk acquired Twitter for $44 billion and stated that he wanted to accelerate the development of X, an ubiquitous application. (Golden Ten)