At the moment, X Money has no crypto or stablecoin support, keeping its payments system tied to fiat, but Angell hopes that can change.
XRP Ledger Foundation CTO Denis Angell has suggested that an integration between X Money and XRP could let users move funds from the payments platform into the token and access yield-generating tools on XRPL.
His idea goes beyond simply adding crypto payments to X Money, as he sees a possible connection between X’s wallet product and XRPL’s lending and asset-management features, with users potentially moving between a consumer payment account and on-chain financial products.
Angell Sees X Money as a Potential XRP On-Ramp
“If with X Money you can transfer from your X Money account right into XRP and then use the primitive on the XRP Ledger to drive yield generation, I don’t think there’s anything wrong with that,” Angell said.
He added that the important part would be having “some sort of integration, some sort of onboarding, on-ramp, off-ramp to XRP” within the X social app.
The comments came as Angell discussed the XRPL Foundation’s work on bringing more traditional financial functions onto the ledger. He pointed to the lending protocol, which he said is currently on the network and can be voted in, as a way to generate yield.
Angell also highlighted the single asset vault as one of his favorite developments. He described it as similar to a mutual fund, where users deposit assets into a pool and a strategy built on top of it can generate yield that remains in the pool until users withdraw.
The broader goal, he explained, is to put “TradFi primitives into the protocol rather than just writing smart contracts.” That includes financial products such as stocks, bonds, and options.
X Money Still Doesn’t Touch Crypto
For now, that on-ramp does not exist. X Money currently works as a fiat-based wallet, letting users hold balances, send free transfers to other X Money users, receive direct deposits, and spend through a Visa debit card, earning up to 6% annual yield along with cashback.
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It launched to a limited group of Premium+ subscribers in June before expanding to more paid users by late July, with no crypto or stablecoin support. Musk had floated the idea of crypto integration as far back as March, when he reposted a claim that X Money would eventually add high-yield savings, loans and crypto integration, calling the vision “big.”
Nothing on that front has shipped since, and X’s more recent payments work has centered on the dollar system it already has, although, according to reports, there have been talks over paying creators on the social platform in stablecoins.
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