Core Insights - Elon Musk's financial layer for X, referred to as X Money, is in development and aims to serve over 600 million monthly users, indicating a significant shift towards a payments platform [1][4] - Musk is not explicitly using existing cryptocurrencies but is building a proprietary payments engine to compete with traditional financial systems [2][4] - The Solana Foundation has expressed interest in collaborating with Musk, highlighting the potential for Web3 integration within X Money [3] Company Developments - X is actively recruiting a senior engineering lead to build its payments platform, signaling a move from theoretical plans to practical implementation [1][4] - The job description emphasizes greenfield architectures and distributed systems, suggesting potential integration of digital assets or stablecoins [4] - X Money is set to launch with Visa as its first wallet partner, with a rollout planned for early 2025 [4] Industry Context - Musk's views on the future of money suggest a shift away from traditional currencies, emphasizing energy as a fundamental store of value [5] - The potential launch of X Money as a super-app could transform the fragmented US payments ecosystem by leveraging its large user base [5]