X Launches Invite-Only Financial Service, X Money
Elon Musk's social media company X has launched X Money, an invite-only financial service that allows users to send money to each other in real-time. The service, which uses technology from Cross River Bank, offers users a branded Visa debit…
Miami Fort Lauderdale, FL, July 28, 2026 —
Elon Musk’s social media platform, X, formerly known as Twitter, has introduced an invite-only financial service called X Money. This new offering enables users to transfer funds to one another in real-time.
The service is powered by technology provided by Cross River Bank. Through X Money, users can access a branded Visa debit card. Additionally, the service offers a yield of 6% on deposits exceeding $1,000. Users can also receive 3% cashback on qualifying purchases made with the service.
This expansion into financial services is a significant step in Elon Musk’s broader objective to evolve X into an “everything app.” The long-term vision for the platform includes integrating a wide range of services, with financial capabilities now being a key component.
Story summarized from the original created by AP on apnews.com, see more information here.
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