Elon Musk Teases X Money Beta

X Money has begun external beta testing, including features like a 6% annual deposit yield and cashback on card payments. Users' deposits are reportedly held at Cross River Bank, with FDIC insurance up to $250,000. William Shatner is among the beta testers, sharing screenshots of the interface, and even auctioning off beta invites for charity. The interface includes tabs for account management, activity tracking, and rewards. Musk envisions X Money as the financial backbone of his "everything app," similar to WeChat, integrating payments, messaging, and AI. X Money aims to allow users to send money, earn interest, and make purchases, potentially including crypto, within the X platform. The rollout of X Money arrives in a competitive fintech landscape dominated by PayPal, Venmo, and others. Trends in fintech for 2026 include AI-driven personalization, real-time payment infrastructure, and increased cybersecurity to combat fraud.