X to Launch Physical Debit Cards to Expand 'X Money' Services

2025-06-23

X Corp's Financial Services Expansion Gains Momentum with Physical Card Development X Corp, the company behind social media platform X (formerly Twitter), is reportedly advancing its financial services division X Money through the development of physical debit cards. Recent code discoveries within the mobile application indicate the platform is preparing to introduce both virtual and physical payment solutions. TechCrunch reported these findings via AppSensa analysis. Code segments found in the X application reveal integrated management capabilities for physical cards directly within the platform. Features include card activation, shipment tracking, PIN management, card lock/cancellation options, and potential personalization features such as user-embedded X account names on physical cards. The system architecture appears to handle physical and virtual cards separately, allowing users to pause one service without disrupting the other. Analysis suggests potential partnerships with major payment networks including Visa, Mastercard, and American Express. Notably, Visa's involvement was previously confirmed in 2025 through a collaboration with X for peer-to-peer transfers via Visa Direct. The newly discovered code implies possible expansion of support to additional major card issuers. While no official launch date has been announced, active development features in the application code suggest a potential release within months. Digital wallet capabilities are also expected to include advanced functions like cashback rewards and deferred debit features comparable to Apple Card or Revolut services. The company has spent several months fulfilling legal requirements for financial services operations. Since late 2024, X has obtained money transmission licenses in 40 U.S. states plus Washington D.C., essential for nationwide payment service operations. CEO Linda Yaccarino previously stated new payment features would launch in the U.S. later this year (2025) with international expansion planned for 2026. Earlier reports indicated X Money would initially focus on creator payments, enabling content creators to receive direct platform-based income without third-party services. These developments align with Elon Musk's stated vision since acquiring Twitter/X in October 2022 to transform the platform into an all-in-one super app. The X super app strategy encompasses social media, payments, e-commerce, video, and messaging services.