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Nikita Bier says crypto has had a rough year, hints at building something new as X Money launch nears

The head of product’s viral one-liner lands weeks before Elon Musk’s fiat payments app goes live with a 6% yield and a Visa card

By Sam Reynolds|Edited by Omkar Godbole

Apr 14, 2026, 6:13 a.m.

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What to know:

• X’s head of product, Nikita Bier, hinted that the platform may launch a product aimed at reviving crypto after a difficult year for the industry.
• X Money, set to go live in April with peer-to-peer transfers, bank deposits, a debit card and cashback rewards, is publicly described as a fiat-based service with no confirmed crypto features.
• Recent hires of crypto-savvy talent and Bier’s ambiguous comments have fueled speculation over whether X will compete directly with crypto or quietly integrate blockchain rails behind the scenes.

Elon Musk confirmed last month that X Money will go live in April with peer-to-peer transfers, bank deposits, a debit card, and cashback rewards, built with Visa and a licensed subsidiary in more than 40 U.S. states.

What lies beneath that stack remains an open question.

Public details describe a fiat-based product, with no confirmed crypto functionality. But X has stopped short of explicitly ruling out blockchain rails, and the product’s design overlaps with areas crypto has focused on for years, including instant payments and yield on dollar balances.