Renowned actor and crypto enthusiast William Shatner, famous for his role as Captain James T. Kirk in Star Trek, has confirmed during closed beta testing that Elon Musk's upcoming payment platform, X Money, will be a fiat-only service with no cryptocurrency integration. Shatner, who is helping to beta test the new feature for the X platform (formerly Twitter), stated explicitly on March 8, 2026: "Just so we are all clear; @XMoney is fiat not crypto. It's actual US Dollars backed by a real bank and is FDIC insured up to $250,000."
This announcement directly contradicts long-standing community expectations, which were fueled by Elon Musk's well-known association with Dogecoin and X's acquisition of payment licenses in every U.S. state last year, including licenses related to cryptocurrency. Many had anticipated that Musk would finally add cryptocurrencies, particularly Dogecoin, to the X platform as part of his vision for an "everything-app" that includes financial management. This vision dates back to Musk's founding of X.com in the late 1990s, which later became PayPal.
The clarification from Shatner has effectively shattered hopes for immediate crypto functionality within X Money, framing the initial rollout strictly as a conventional, bank-backed U.S. dollar payment service. The beta testing is currently limited to U.S. citizens.
In a related but separate context, the article notes that Elon Musk recently reaffirmed his commitment to the "Doge-1" lunar mission in early February 2026, responding "yes" to a tweet stating "Doge on the moon is inevitable." The community has long hoped this mission, paid for with Dogecoin, would propel the meme coin's price. However, at the time of reporting, Dogecoin was trading at $0.09075, down 87.73% from its all-time high of $0.7376 in May 2021.
