X Money has begun rolling out to Premium and Premium+ subscribers in the United States, adding deposit accounts, instant transfers, and a Visa debit card directly to the social media platform. X Money brings banking tools inside the social platform…
- X Money has launched in the US for Premium subscribers, integrating banking services like deposit accounts, instant transfers, and a Visa debit card directly into the social media platform.
- The service offers annual yields up to 6%, 3% cashback on eligible card purchases, and up to $10 million in FDIC coverage through a cash sweep program, powered by Cross River Bank.
- Despite Elon Musk's past support for cryptocurrencies, X Money currently operates solely as a dollar-based financial service and does not support any digital assets.
Topics: Institutional adoption, Payment system integration, Asset types, Banking depository pilots, Payment network integration, Stablecoins digital cash
Tags: #xmoney #uspayments #yields #depositaccounts #visadebitcard #socialmediaplatform #fdiccoverage #crossriverbank #elonmusk