X Money Is Launching In The Us Starting Today

X Money, a halfway portion of Elon Musk’s ngo to move X into an “everything app,” is rolling retired starting today, 9to5Mac reports. The payment platform offers a integer wallet and peer-to-peer payments akin to Venmo, on pinch a metallic Visa paper users tin emblazon pinch their X username. Other perks see Apple Wallet support and free money transfers connected X. It besides advertises “up to” a 6 percent APY, but only Premium Plus subscribers are eligible for it — modular Premium subscribers person to deposit a definite magnitude of money to get a “boosted” 6 percent APY.

X Money was antecedently constricted to an invite-only beta, but will now beryllium disposable to X Premium and Premium Plus subscribers successful nan US. The motorboat comes a fewer months aft Elon Musk said “early nationalist access” for nan costs level was launching successful April.

Earlier this year, Senator Elizabeth Warren raised information concerns astir X Money, penning that it could airs risks to “consumers, our nationalist security, and nan stableness of nan financial system.” Launching a costs level connected X has been a ngo of Musk’s for a while now — successful 2023, he said during an X unit meeting that, “If it involves money, it’ll beryllium connected our platform.”