As a dedicated gamer, I’m excited about the upcoming changes to the platform once known as Twitter, now rebranded as X. They’re introducing a new feature called X Money, which allows users like me to receive payments from others. However, there are a few conditions to be aware of.
In October 2022, Elon Musk, known for leading Tesla and SpaceX, officially acquired Twitter after much speculation, paying a total of $44 billion for the social media giant. Shortly following the acquisition, Musk began implementing significant modifications to the platform.
As a dedicated gamer, I’ve noticed some exciting changes on the platform that used to be known as Twitter, now rebranded as X. The iconic blue bird logo has flown off, paving the way for a fresh start. The old verification system has been phased out, making room for a more inclusive and dynamic experience. Spaces and video content have taken center stage, offering endless opportunities for interactive gaming sessions and shared experiences. To top it all off, Grok AI is now available to every user, enhancing our interactions and making the platform smarter than ever!
Elon Musk has additionally disclosed plans for the platform to delve into banking services, much like his role with PayPal. This endeavor is called X Money, and it’s already formed a partnership with Visa as its inaugural partner. However, that’s not the only collaboration in store.
X Money requirements for users
As we’ve stepped into the year 2025, the dream of using X Money is becoming more tangible! Some enthusiastic users like myself are now seeing the prerequisites for getting in on the action.
According to Nima Owji’s guidelines, users must meet certain requirements before they can create an X account:
1. They must be at least 18 years old.
2. They must reside in the United States.
3. They must have a valid and verified US phone number.
4. They should have either a security key or authentication app.
Furthermore, the X account itself needs to be both active (in good standing) and approved for use.
It appears that the term “in good standing” isn’t specifically defined, but generally, it seems to imply that one hasn’t been repeatedly punished or identified as a spam account.
BREAKING: THESE ARE THE REQUIREMENTS TO USE X MONEY!
— Nima Owji (@nima_owji) March 23, 2025
Moreover, with X Money, your deposited funds appear to earn interest similar to a traditional savings account. Furthermore, it offers the option to borrow funds from other users as well.
In a novel aspect, this system might function similarly to platforms such as PayPal or Venmo, enabling you to ask for payment for rendered services at a later time. Nevertheless, the specifics regarding this functionality remain unclear. Yet, some users have been afforded similar opportunities through donations and subscriptions for quite some time now.
You will be able to request money from other users too!
— Nima Owji (@nima_owji) March 26, 2025
The new service hasn’t started operating yet, as indicated by the X Money account which simply states “to launch in 2025.” However, this may be subject to change as we approach the launch date.
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2025-03-26 16:50