Social Media and Payments: X Money Pairs with Visa

Recent social media posts have revealed that Elon Musk’s platform X, formerly known as Twitter, is shifting from a social media to a financial services platform.

A post by the entrepreneur announced that X Money, currently in Beta phase, will be available to the public for early access in April 2026. 

In the meantime, users have already taken to X to show off the new metal cards, with commentary regarding the look and feel of the card. 

The card offers cashback benefits, signalling that the social platform is stepping its services up to financial super-app. 

The metal card could signify that Musk’s new platform is targeting a luxury look for the brand. 

What does the platform promise? 

X user Josh Wood was given early access to the card.

In a post on the platform, shows off a metal card with the well-known X symbol emblazoned on the back alongside the user’s social media handle. 

“Thanks for beta access” Josh says, before tagging CEO Elon Musk and public figure William Shatner. 

William also posted pictures on his account in early March of the user interface for X Money. 

The Motley Fool Money reports that the new platform will follow a similar structure to popular payments apps such as Venmo or CashApp. 

It also states that the new platform will include services spanning peer-to-peer payments, direct deposits, cash deposits that earn interest and a debit card that earns cashback. 

BSCN also reports that the metal card offers 6% APY, with 3% cashback on purchases.

X Money is still in beta stage, however, the physical card that users have been posting on social media is the result of a partnership between X Money and Visa. 

The 6% APY is roughly 50% higher than some of the best high-yield savings accounts, according to The Motley Fool Money. 

Deposits are held by Cross River Bank, as shown in a screenshot by William Shatner.

Up to US$250,000 is insured as Cross River is a member of the FDIC. 

X Payments is not yet an FDIC-insured bank. 

Why a metal card? 

A sleek design, the difference in plastic and metal could pose as an aesthetic preference for Cybertruck pioneer Elon Musk, or signify a new luxury era for payments. 

Metal cards are already designed as a step into a more premium experience, for example Revolut’s metal cards. 

Accounts associated with the card include subscriptions to premium brands such as WeWork One, Nord VPN and Perplexity Pro. 

“This is a card you won’t want to leave at home,” the company states. 

Musk’s new payments platform could be invite-only, the MotleyFool Money reports.

This uncertainty is caused by a lack of official press statement in combination with selected users showing off their cards so far. 

X Money is an official X account, but has so far made no posts to clarify the service or its offerings as of yet.

More information is expected this month.