Social Network X by Elon Musk has a new financial app. It's called X Money

Dis the beginning that Elon Musk looked at social network X with the potential to turn it into a “super app”, where users could not only keep up to date, but also send messages and deal with their financial life.

After the launch of XChat, Musk's company officially launched X Money – a financial application that allows users to send and receive money, as well as having their own Visa debit card.

How does the site 9to5mac, X Money was up to here in beta phase and also limited to anyone invited to experience the service.

The app has now been released to all subscribers of Premium and Premium+ plans in the US. By joining the service, each user will receive $15 and a virtual X card is issued to be added to Apple Pay on the iPhone. In addition, Premium+ subscribers will have up to 6% interest on their accounts.

It is not yet known when (or if) X Money will be released to all users of X. However, it is likely that Musk's company will not take long to launch the app in more markets.

Your money, on the world’s most powerful network

X Money is rolling out to U.S. Premium and Premium+ subscribers starting today pic.twitter. with/2c1UMkB4Kn

— X Money (@Xmoney) July 27, 2026

X has six months to meet European Union requirements

The European Commission today accepted the plan presented by platform X to meet the transparency and access obligations of researchers to data provided for in the Digital Services Act, giving the platform six months to implement it.

In its statement announcing the acceptance of the plan, the Community executive states that the measures adopted “are an important step” to enable researchers, civil society organisations and the general public to have “greater transparency on X systems”, including to monitor the systemic risks of the platform and to assess its impact on users and European society.

The decision follows the European Commission’s conclusion that the platform violated the Digital Services Act and imposed a fine in December 2025.

The Digital Services Act is the European Union legislation establishing a set of rules for digital platforms, imposing transparency obligations, combating illegal content and protecting users, as well as providing for supervisory mechanisms and imposing high fines in the event of non-compliance.

According to Brussels, X (formerly Twitter) has committed to strengthening its advertising repository by introducing better search features, faster response times, more information on published ads and data access through an application programming interface.

The company also ensured that it will facilitate the access of eligible researchers to public data, by speeding up the application analysis process, by providing data free of charge and by changing the terms of use to stop contractually prohibiting the collection of public information for research purposes.

Changes will be subject to an independent external audit, the results of which will have to be delivered to the European Commission.

If the audit identifies recommendations, X will be obliged to implement them.

However, the Digital Services Council, which brings together the national authorities responsible for implementing the new Community law, considered that the action plan is only “partially appropriate” and considered that the audit measures, and consequently the plan as a whole, are “insufficient to resolve infringements”.

Brussels stated, however, that it took this opinion into account and clarified several aspects that the company will have to consider during the implementation of the plan.

“The Commission will closely monitor progress, in particular on the issues raised by the Council,” said the Community executive, adding that it will also keep the Digital Services Council and national digital service coordinators informed on the implementation of the measures.

X now has six months to fulfil its commitments and, having concluded that period, it will have to submit an audit to the European Commission to prove the implementation of the measures provided for in the action plan.