Elon Musk's X Forays Into Digital Payment Services In US
X launched X Money digital payment service in the US, available to Premium and Premium+ subscribers.
X Money allows free instant transfers, early direct deposits up to 2 days before payday, and up to 6.00% APY on deposits.
Users can earn 3% cashback on eligible purchases with the X Card, which is protected by Visa's fraud detection.
Deposits are held at Cross River Bank (FDIC member) and insured up to $250,000, with automatic cash sweep for up to $10 million aggregate FDIC coverage.
X Money includes security features like passkeys, custom transaction limits, and optional physical metal cards with custom names or X usernames.
Story angle
Center
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Republic World
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ARG Outlier Media
Arnab Goswami
Founded in 2017; known for opinion-forward prime time.
Wikipedia: Arnab Goswami