X Money Is Here: Elon Musk Pushes X Closer to an Everything App
Poulami Saha
US Launch: X Money is now available across the United States, marking X’s first major financial services rollout beyond social networking for eligible Premium subscribers.
X Money is now available across the United States
Digital Wallet: Users can create an in-app digital wallet to securely store funds, manage balances, and complete transactions without leaving the X platform.
Instant Payments: The service enables peer-to-peer money transfers, allowing users to send and receive payments instantly with other eligible X account holders nationwide.
Visa Debit Card: X Money includes a Visa debit card, with users able to choose standard or customizable metal card options for everyday purchases.
Apple Wallet Support: Users can add their X Money Visa card to Apple Wallet, enabling contactless payments at compatible retail stores and supported payment terminals.
Bank Account Integration: Customers can link existing bank accounts to transfer money, fund wallets, withdraw balances, and manage finances through the X application seamlessly.
FDIC-Backed Deposits: Customer funds are held through Cross River Bank, providing FDIC-backed deposit protection while X delivers financial services through regulated banking partnerships.
Savings and Rewards: Eligible users can access high-yield savings accounts offering competitive interest rates alongside cashback rewards on qualifying purchases using X Money services.
Everything App Vision: X Money advances Elon Musk’s vision of transforming X into an everything app combining social networking, messaging, commerce, banking, and digital payments.