The social media platform is creating a way for users to send money to each other. How to access X Money and obtain an X Visa debit card.
- Elon Musk's X platform has launched 'X Money,' a new fund transfer feature and an X-branded Visa debit card, partnering with Cross River Bank.
- The invite-only service offers features like FDIC insurance up to $250,000, 6.00% APY for Premium+ users with direct deposit, and 3% cash back on eligible purchases with the Visa card.
- This move integrates financial services directly into the social media platform, aiming to expand user access and utility.
Topics: Payment system integration, Institutional adoption, Stablecoin payments remittances, Payment network integration
Tags: #xmoney #elonmusk #visacard #crossriverbank #fdicinsured #premiumusers #cashback #apy #fundtransfer #socialmediaplatform