Elon Musk’s X-Money Early access Now Rolling Out, XRP-Focused Researcher Reports

SMQKE (@SMQKEDQG), a researcher known for covering XRP and payment infrastructure, posted screenshots confirming X Money has entered early access.

The interface shows a Money tab inside the X app, complete with Home, Rewards, and Activity sections. A test account displays a $25 balance and features Deposit, Send, and Request buttons.

X-Money.😶‍🌫️

Early access is now rolling out.🔄

— SMQKE (@SMQKEDQG) June 29, 2026

Inside the Rollout

The app pushes users toward a Direct Deposit feature that promises APY on paychecks sent into an X account. A separate “My account” panel lists a 6.00% APY rate tied to the $25 balance shown. X also previews its physical X Card.

When a follower asked what powers X Money beyond banking partner Cross River, SMQKE explained that it is fiat for now, but the plan is to integrate digital assets later. Prominent figures in the crypto space have called on Musk to integrate XRP into the X Payments ecosystem since he announced the idea, but XRP’s involvement has not been confirmed.

XRP Army Responds

Many community members were eager to get in on the early access program. One commenter asked who gets access first in this rollout, and another asked how to claim a spot. Some community members also see huge potential in this product. One user asked whether X Money could fully replace his bank card if he switched his primary banking over to it.

The past few years have seen notable crypto-enabled cards like Gemini’s XRP Credit Card join the market, and a product backed by Musk could make notable waves in the industry.

One market participant questioned the 6% APY on the app, surprised X would offer that just for holding money on the platform. SMQKE called it “pretty cool,” and Dez agreed, then raised a bigger point. He noted that banks blocked crypto firms from offering similar yields through stablecoins.

We are on X, follow us to connect with us :-

— TimesTabloid (@TimesTabloid1) June 15, 2025

This was one of the biggest factors that stalled the CLARITY Act, but Musk faces no resistance offering it through X. He wanted to know what actually separates the two models.

Where This Leaves X Money

The replies show a user base split between excitement and skepticism. Some want in immediately and see the APY as a clear incentive to move funds onto the platform. Others question why a social media company can offer banking-style yield without facing the same regulatory friction crypto firms encounter.

The question for many investors is whether X Money can serve as a primary financial account or become a secondary wallet for smaller balances. Many others are eager to see what role XRP will play on Musk’s X Payments platform.