X launched the beta testing phase for its new financial service, X Money, through a partnership with actor William Shatner. The rollout integrates a charitable initiative for The Hollywood Charity Horse Show. Users secured early beta invitations by donating to the organization.
Elon Musk initiated the test in early February 2026. Musk transferred $42 to Shatner to commence the pilot. Shatner offered 42 beta spots to donors. Participants qualified by providing a $1,000 donation to his charity. X provides all beta participants with a $25 welcome gift.
Social media previews reveal that X Money offers a 6% APY on account balances. The service includes cashback rewards and a personalized metal debit card. The card features no foreign transaction fees. This launch advances Musk’s strategy to transform X into a super app by integrating social media with financial services.