The new code fueled rumors that X payments could be launched soon.
The latest leak of the software code behind Elon Musk's X has sparked rumors that “X Money” – the name of the payment system – could launch “any second now”.
X currently maintains licenses in 39 states and is working to obtain money transfer licenses for X Payments LLC throughout the United States.
A screenshot of the latest code shows the line: “X Money does not exist in your state,” leading some observers, including American entrepreneur Alex Finn, to speculate that it could launch in the US without the recognition of all 50 states.
X Money allows X users to tip content creators on the platform, and some have speculated that cryptocurrencies may have a role as Musk is already open to Bitcoin (BTC) and Dogecoin (DOGE) payments for its other businesses.
“X payments support cryptocurrency in one way or another,” explained Finn on his own hosting X Spaces, the fastest way to move currency.
“Crypto is probably a good size railroad [X] Payments”
Source: Alex Finn
It comes as X CEO Linda Yaccarino confirmed that social media platform X Money will launch in 2025 in a December 31 X post.
However, X has not confirmed the legitimacy of the source code released by MacRumors contributing researcher Aaron Perris and the imminent launch of X Money.
Source: Aaron Perris
If true, X Money will first launch in the 39 states where X is licensed to transmit money.
The payment feature is not immediately supported in Alaska, Delaware, Hawaii, Indiana, Massachusetts, Minnesota, Montana, New York, Vermont, Washington and Wisconsin, Finn noted.
Related: X launches a dedicated payment account, crypto community speculates
Musk's support for Dogecoin (DOGE) has led industry experts to speculate whether memecoin could be supported on X Money.
Musk's electric car company Tesla backs DOGE for merchant acquisitions and holds $1.1 billion in Bitcoin (BTC), according to Arkham Intelligence.
Magazine: Big Questions: How Can Bitcoin Payments Be Back?
