X launches payments beta with William Shatner charity auction

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Following internal tests with X staffers, the long-trailed X Money service is being opened up to normal users - as long as they make a $1000 donation to Shatner’s charity supporting childrens’ and veterans’ groups.

The invitations were offered via an online auction on Monday and had all been snapped up by Wednesday. Winners will get a link to X Money pop up in the app and will also at some point receive a metal debit card.

X owner Elon Musk has a long-held ambition to transform the social media platform into an “everything app” where users can conduct their “entire financial life”.

In October 2023, at an all hands call with employees, Musk laid out his vision for X: “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.”

At the time, he targeted an ambitious timeline for the new financial features, insisting that “it would blow my mind if we don’t have that rolled out by the end of next year”.

Last month, X head of product Nikita Bier claimed that users would also soon be able to trade stocks and crypto directly from their timeline.

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