PANews reported on March 5th that, according to Cointelegraph, Elon Musk's payment app X Money opened limited testing to external users this week. Among the first testers was William Shatner, the Hollywood actor who played Captain Kirk in Star Trek. Screenshots shared by Shatner show that X Money users can earn cashback on specific purchases and enjoy a 6% annualized return on deposits. Deposits are held in custody by FDIC member Cross River Bank, with a maximum guarantee of $250,000 per person.

X Money is part of Musk's vision to make X a "one-stop shop" app, integrating features such as payments, private messaging, and AI chat. Shatner has already used the $42 sent by Musk for a charity auction, selling 42 test invitations for $1,000 each, and subsequently adding 166 more. There is currently no indication that X Money will integrate encrypted payments.

In February, Musk stated that an external beta version of XMoney would be launched within the next 1-2 months.