Elon Musk’s X Money app is rolling out in the U.S.

Breitbart NewsIndependentCenter7 hr. ago

Elon Musk's social media platform X has launched 'X Money,' a financial services feature offering banking, payments, and a Visa debit card to premium subscribers. The service includes peer-to-peer payments, deposit accounts, and a physical card with cashback benefits. It partners with Cross River Bank for FDIC-insured deposits and aims to integrate financial tools within the X platform, aligning with Musk's vision of an 'everything app.' The service is initially available only to X Premium and Premium+ users and reflects Musk's prior experience in financial technology through his former company, which later merged with PayPal.

Bias read (Center): The article presents factual information about the launch of X Money without overtly promoting or criticizing Musk's intentions or the implications of the service. While the subject involves a major tech figure and potential disruption to traditional banking, the framing remains neutral, focusing on

TechCrunchIndependentCenter9 hr. ago

Elon Musk's X is launching its X Money app in the United States, offering paid subscribers a Visa debit card with features such as fee-free peer-to-peer transfers, no foreign transaction fees, and access to a 6% annual percentage yield (APY) for premium users. The app allows X Premium+ members ($40/month or $395/year) to earn 6% APY, while Premium users ($8/month or $84/year) can access the same rate by linking a direct deposit. Users can also receive up to 3% cash back on select purchases and potentially access funds earlier with direct deposits. This development aligns with Musk's vision of transforming X into an 'everything app' following his acquisition of Twitter in 2022.

Bias read (Center): The article presents factual information about the launch of X Money without overtly favoring any political ideology. It focuses on the technical and financial features of the app, its connection to Musk's history with PayPal and Twitter/X, and its strategic alignment with his broader vision for the