埃隆·马斯克（Elon Musk

尽管有多年的提示，但Dogecoin仍然无处可见。

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·马斯克（Elon Musk）嘲笑的X Money Product是几个月来的阴影密码透明的谣言，现在正在进行有限的现场测试，但是尽管有多年的提示，但Dogecoin仍然无处可见。

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老板在周日晚些时候被粉丝帐户的“ X Money”吹牛说：“最初这将是一个非常有限的访问权限。当人们涉及人们的积蓄时，必须格外小心。”

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日的时间戳记是最明显的信号，即马斯克已准备好将现实世界用户队列公开到他的“所有应用程序”中的长期宣传的付款层。

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年购买Twitter以来，该分期付款锁定在麝香中，并将其重新品牌为X。X Money被设想为一个完整的钱包和银行堆栈，该堆栈本身位于社交网络内，并将其转向Tencent的Wechat模型。内部里程碑表明，在“今年晚些时候”的美国推出更广泛，但马斯克的警告强调了最初的测试人员最多将在低最低点数中进行数字，这为工程师提供了一个受控的环境，在这种环境中，可以观察平衡和转移在真正的压力下。

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谨慎，监管棋盘将解释原因。根据该公司自己的披露和NMLS的文件，X支付已经在美国41个州和哥伦比亚特区收集了货币传播者许可证。

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.

该名单中缺少的是纽约，他的金融服务部要求对任何加密性活动进行著名的繁重的比特莱森。本月早些时候，两名曼哈顿议员敦促DFS否认X Money的申请，警告说马斯克的“鲁ck行为模式”使他不适合处理消费者资金。

“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.

“我们所说的无非是埃隆·马斯克（Elon Musk）成为该国金融基础设施的永久性部分，可以访问大量的消费者数据，”汇编插图Micah Lasher在一封信中说。

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，加利福尼亚州（另一种重量级管辖权）在2024年底授予其许可证，使Visa成为X Money的第一个网络合作伙伴的道路。 X首席执行官Linda Yaccarino在一月份的CES上表示，用户将通过Visa Direct立即为应用程序内“ X钱包”提供资金，并实时将资金转移到银行帐户，并补充说，签证是“ 2025年的许多大公告中的第一个大公告”。

No Dogecoin In Sight

看不见的狗果

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.

对于加密市场而言，尚未解决的问题是马斯克是否会折叠数字资产，尤其是他选择的模因狗狗币，这是否会折叠该产品。周日的交换没有提供这样的提示。 Yaccarino的签证也没有透露。这种沉默与一月份的消息传递相匹配，并与多年来的猜测背道而驰，即马斯克将使用狗狗币来开始采用。

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未经任何事件进行，则X Dayments预计将扩大州的访问权限为剩余的许可土地。纽约的判决最大；那里的成功将解锁华尔街用户和水泥X对国家报道的主张。即使没有Dogecoin和Crypto Rails，该服务也将X定位为Levy Interchange和Wallet费用，这是一个平台的新收入频道，即仍然“勉强打破”，正如Musk在一月份向员工承认的那样。

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仍然处于场外，其命运因监管清晰度和麝香自身的风险食欲而束缚。但是，随着实时Beta的终于动态，已打开了决定性的技术整合（法案或其他方式）的窗口。 Dogecoin社区将观看Musk臭名昭著的隐性答复中的每一个提交，每项许可证的批准以及所有提示。

At press time, Dogecoin traded at $0.228.

发稿时，Dogecoin的交易价格为0.228美元。