Photos: X @iam_smx
Videos of Elon Musk from 1999 are circulating again on the internet 25 years after the Tesla CEO announced the X Money card.
“This is an ATM, and what we are going to do is change the traditional banking industry,” he explained in an interview about the banking sector for the CNN Perspectives program.
The report’s headline read “Elon Musk is creating an internet bank.” “I don’t have the profile of a banker. Raising 50 million dollars is a matter of making a series of calls, and the money appears,” he continued.
At the time, the website was called “X.com,” which would later become PayPal, the online payment platform.
The X domain was reacquired by Elon Musk in 2017, and later became the name of the former social network Twitter, purchased by Musk in October 2022.
Now, in 2025, X’s CEO Linda Yaccarino announced in January the launch of X Money, a digital wallet and peer-to-peer payment service, with Visa as its first partner, according to the Financial Times.
According to TechCrunch, there seem to have been updates to the X app, with code snippets related to a physical debit card customizable with the social network username.
𝕏 has just launched 𝕏 Money!
Elon Musk has finally accomplished his 26-year-old dream of creating an online banking platform, originally envisioned as https://t.co/V0YPQMB7Iu in 1999! pic.twitter.com/c42UW1E3do
— SMX 🇺🇸 (@iam_smx) January 28, 2025
Photos: X @iam_smx. This content was created with the help of AI and reviewed by the editorial team.
