X Money Launches in the US
Elon Musk's vision of an 'everything app' comes to life in the US.
1What is X Money?
X Money is a payment platform introduced as part of Elon Musk's mission to turn X into an 'everything app.' It offers a digital wallet and peer-to-peer payment features similar to Venmo.
2Launch Date
X Money is now available to X Premium and Premium Plus subscribers in the US as of today. Previously, the platform was limited to an invite-only beta.
3Key Features
X Money offers features like Apple Wallet support, free money transfers, and a metal Visa card where users can emboss their X username.
4APY Rate
The platform offers 'up to 6%' APY for Premium Plus subscribers. Standard Premium subscribers can achieve this rate by depositing a certain amount of money.
5Security Concerns
Senator Elizabeth Warren has warned that X Money could pose risks to 'consumers, national security, and the stability of the financial system.'
6Elon Musk's Vision
Elon Musk has long aimed to launch a payment platform on X. In a 2023 meeting, he stated, 'If it involves money, it’ll be on our platform.'
Original article: The Verge — X Money ABD'de Kullanıma Sunuldu