X (formerly Twitter), a microblogging site owned by Elon Musk, has launched a new financial service, X Money. In the first phase, the facility has been launched for X users living in the United States in exchange for money (paid). By using this new facility, various financial benefits, including cashback, annual profit, and other benefits, will be available.
X Money
According to X, X Money users will be given a digital Visa debit card, which can be immediately added to Apple Pay. Later, they will also be given a physical Visa debit card. There will be no additional fees when transacting abroad through the card. In addition, there will be the facility of withdrawing cash from ATMs in different countries of the world without any cost. As a result, money can be exchanged instantly through X without spending any additional money.
X Money Premium Plus
X Premium Plus users will receive an annual profit (APY) of 6 percent on the deposited money. In addition, they will get a maximum of 3 percent cashback on certain purchases. If the direct deposit facility is enabled, the newly deposited money can be used a few days before the scheduled time.
By launching X Money
By launching X Money, Elon Musk has taken another step towards implementing his long-standing plan. Since the acquisition of Twitter, Elon Musk has been saying that he wants to turn X into an ‘everything app’ platform, where financial transactions, shopping and other digital services can be found in addition to social communication.
To learn more about X launches money transfer facility X Money; X Pay done 2026, you can visit our site. If you found our post helpful, leave a comment below.
Source: TechCrunch
