So… how are you guys liking 𝕏 Money?
I’ve been waiting a long time for this.
For years, Elon’s talked about turning 𝕏 into an “everything app.” Today, that vision is finally becoming real. 𝕏 is now social media, messaging, creators, and $ money all in one place.
A few things that stand out to me:
• Send money instantly to anyone by their
@username - no separate app is needed
• Earn 6% APY on your cash balance, which is well above what many traditional savings accounts are paying today
• You can get a personalized metal Visa debit card engraved with your
@handle
• 3% cash back on eligible debit purchases and 0% foreign transaction fees
• Direct deposits, creator payouts, and peer-to-peer payments are all built right into the app
The rollout is still expanding across the U.S., but this feels like the beginning of something much bigger.
People laughed at Elon when he bought Twitter and said 𝕏 is going ti manage all your finances...
“When I say payments, I actually mean someone’s entire financial life. If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”
- Elon Musk
Fast forward to today, now we’re watching it happen.
Will 𝕏 replace your bank tomorrow?
Probably not… but long-term?
Probably yes.
Bc if you’re already spending hours on 𝕏 every day, the idea of messaging, posting, getting paid, earning yield, and sending $ money without ever leaving the app starts to make a lot of sense.
Network effects are powerful in technology… and if enough people adopt it, sending money on 𝕏 will become as natural as liking a post or replying to a thread.
𝕏 Money will prove to be a game changer.