New Delhi, May 27 -- X, the social media platform formerly known as Twitter, is believed to be gearing up to launch its digital payments service,X Money, with a limited beta rollout expected soon. Tesla and SpaceX CEO Elon Musk, who owns X, confirmed this development in response to user speculation on the platform earlier this week.

The new financial feature is part of Musk's broader vision to transform X into a multifunctional "everything app," incorporating banking and payment capabilities alongside its core social media offering.

A post by the account @teslaownerssv on Monday suggested that X Money's official launch was imminent, highlighting its potential to reshape the app with integrated payment and banking tools. Musk replied, st...