X Money Launches in the US
Elon Musk’s X platform has launched its payment service, X Money, in the United States. Initially available to X Premium and Premium Plus subscribers, the digital wallet offers peer-to-peer payments, a metal Visa card with customizable branding, Apple Wallet support, and free money transfers on the app. The service also promises an annual percentage yield (APY) of up to 6%, though only Premium Plus users are eligible for this rate without conditions. X Money was previously in an invite-only beta phase before its broader rollout today. This marks a significant step toward Musk’s goal of transforming X into an “everything app.” The launch follows concerns raised by Senator Elizabeth Warren earlier this year, who warned about potential risks to consumer safety and financial stability associated with the platform. The expansion reflects Musk's long-standing vision for integrating money-related services within social media. In 2023, he stated during a staff meeting that all monetary transactions would eventually take place on X’s platform.
Topics: Digital Wallet Elon Musk Payment Platform Launch X Money