埃隆·馬斯克（Elon Musk

儘管有多年的提示，但Dogecoin仍然無處可見。

Elon Musk’s teased X Money product, a shadowy code-leak rumor for months, is now entering limited live testing—but despite years of hints, Dogecoin is still nowhere to be seen.

埃隆·馬斯克（Elon Musk）嘲笑的X Money Product是幾個月來的陰影密碼透明的謠言，現在正在進行有限的現場測試，但是儘管有多年的提示，但Dogecoin仍然無處可見。

Trumpeted by a fan account as “X Money soon,” the X owner replied late Sunday: “This will be a very limited access beta at first. When people’s savings are involved, extreme care must be taken.”

X老闆在周日晚些時候被粉絲帳戶的“ X Money”吹牛說：“最初這將是一個非常有限的訪問權限。當人們涉及人們的積蓄時，必須格外小心。”

The time-stamped May 25 post is the clearest signal yet that Musk is ready to expose a real-world user cohort to the long-promised payments layer inside his “everything app.”

5月25日的時間戳記是最明顯的信號，即馬斯克已準備好將現實世界用戶隊列公開到他的“所有應用程序”中的長期宣傳的付款層。

That installment locks in a timeline Musk has toyed with since buying Twitter in 2022 and re-branding it as X. X Money is envisioned as a full wallet and banking stack that sits natively inside the social network, edging it toward Tencent’s WeChat model. Internal milestones suggest a broader US rollout “later this year,” but Musk’s caveat underscores that initial testers will number in the low thousands at most, giving engineers a controlled environment in which to watch balances and transfers behave under real stress.

自2022年購買Twitter以來，該分期付款鎖定在麝香中，並將其重新品牌為X。 X Money被設想為一個完整的錢包和銀行堆棧，該堆棧本身位於社交網絡內，並將其轉向Tencent的Wechat模型。內部里程碑表明，在“今年晚些時候”的美國推出更廣泛，但馬斯克的警告強調了最初的測試人員最多將在低最低點數中進行數字，這為工程師提供了一個受控的環境，在這種環境中，可以觀察平衡和轉移在真正的壓力下。

If the beta feels cautious, the regulatory chessboard explains why. X Payments has already amassed money-transmitter licences in 41 US states and the District of Columbia, according to the company’s own disclosures and NMLS filings.

如果Beta謹慎，監管棋盤將解釋原因。根據該公司自己的披露和NMLS的文件，X支付已經在美國41個州和哥倫比亞特區收集了貨幣傳播者許可證。

Missing from that list is New York, whose Department of Financial Services demands the famously onerous BitLicense for any crypto-adjacent activity. Earlier this month two Manhattan lawmakers urged DFS to deny X Money’s application, warning that Musk’s “pattern of reckless conduct” made him unfit to handle consumer funds.

該名單中缺少的是紐約，他的金融服務部要求對任何加密性活動進行著名的繁重的比特萊森。本月早些時候，兩名曼哈頓議員敦促DFS否認X Money的申請，警告說馬斯克的“魯ck行為模式”使他不適合處理消費者資金。

“What we’re talking about is nothing less than Elon Musk becoming a permanent part of the country’s financial infrastructure—with access to enormous quantities of consumer data,” Assemblymember Micah Lasher said in a letter.

“我們所說的無非是埃隆·馬斯克（Elon Musk）成為該國金融基礎設施的永久性部分，可以訪問大量的消費者數據，”彙編插圖Micah Lasher在一封信中說。

But California—another heavyweight jurisdiction—granted its licence in late 2024, smoothing the path for Visa to become X Money’s first network partner. At January’s CES, X CEO Linda Yaccarino said users would fund an in-app “X Wallet” instantly via Visa Direct and move money to bank accounts in real time, adding that the Visa tie-in was “the first of many big announcements” for 2025.

但是，加利福尼亞州（另一種重量級管轄權）在2024年底授予其許可證，使Visa成為X Money的第一個網絡合作夥伴的道路。 X首席執行官Linda Yaccarino在一月份的CES上表示，用戶將通過Visa Direct立即為應用程序內“ X錢包”提供資金，並實時將資金轉移到銀行帳戶，並補充說，簽證是“ 2025年的許多大公告中的第一個大公告”。

No Dogecoin In Sight

看不見的狗果

For the crypto market, the unanswered question is whether Musk will fold digital assets—especially his meme-coin of choice, Dogecoin—into the product. Sunday’s exchange offered no such hint; neither did Yaccarino’s Visa reveal. That silence matches January’s messaging and runs counter to years of speculation that Musk would use Dogecoin to jump-start adoption.

對於加密市場而言，尚未解決的問題是馬斯克是否會折疊數字資產，尤其是他選擇的模因狗狗幣，這是否會折疊該產品。週日的交換沒有提供這樣的提示。 Yaccarino的簽證也沒有透露。這種沉默與一月份的消息傳遞相匹配，並與多年來的猜測背道而馳，即馬斯克將使用狗狗幣來開始採用。

If the limited beta proceeds without incident, X Payments expects to widen access state-by-state as remaining licences land. New York’s verdict looms largest; success there would unlock Wall Street users and cement X’s claim to national coverage. Even without Dogecoin and crypto rails, the service positions X to levy interchange and wallet fees—a new revenue channel for a platform still “barely breaking even,” as Musk admitted to staff in January.

如果有限的beta未經任何事件進行，則X Dayments預計將擴大州的訪問權限為剩餘的許可土地。紐約的判決最大；那裡的成功將解鎖華爾街用戶和水泥X對國家報導的主張。即使沒有Dogecoin和Crypto Rails，該服務也將X定位為Levy Interchange和Wallet費用，這是一個平台的新收入頻道，即仍然“勉強打破”，正如Musk在一月份向員工承認的那樣。

For now, Dogecoin remains on the sidelines, its fate tethered to regulatory clarity and Musk’s own risk appetite. But with a live beta finally in motion, the window for decisive technical integration—fiat or otherwise—has opened. The Dogecoin community will be watching every commit, every licence approval, and every hint in Musk’s notoriously cryptic replies.

目前，Dogecoin仍然處於場外，其命運因監管清晰度和麝香自身的風險食慾而束縛。但是，隨著實時Beta的終於動態，已打開了決定性的技術整合（法案或其他方式）的窗口。 Dogecoin社區將觀看Musk臭名昭著的隱性答復中的每一個提交，每項許可證的批准以及所有提示。

At press time, Dogecoin traded at $0.228.

發稿時，Dogecoin的交易價格為0.228美元。