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Elon Musk launches X Money with Visa cards, excluding Dogecoin for now.

Market News
26 Jun 2026
UToday
View Source
Bearish
pluang ai news

Elon Musk introduced X Money, a new financial service offering savings accounts, instant payments, and Visa debit cards with no foreign transaction fees. The platform aims to compete with fintech services like Venmo and Cash App, providing FDIC insurance up to $10 million. However, despite Musk's previous hints about integrating cryptocurrencies, X Money currently supports only fiat currency, excluding Dogecoin due to regulatory and compliance challenges. The crypto community is debating if Bitcoin or Dogecoin support will come later, but for now, Dogecoin has been left out, causing its price to decline amid bearish sentiment.

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