X is no longer just the place where people argue about politics and post memes. It now wants to hold your money, too.
The platform formerly known as Twitter has begun rolling out X Money to a limited group of US users, offering a 6% annual percentage yield on deposits. Elon Musk’s long-telegraphed vision of turning X into an “everything app” just got its most tangible feature yet.
What X Money actually looks like
Here’s what early access users are getting: deposits held through Cross River Bank with FDIC insurance up to $250,000, a personalized metal Visa debit card offering up to 3% cashback on purchases, and peer-to-peer payments baked directly into the X app.
No balance minimums. No direct deposit requirements. Just a 6% yield sitting there, waiting to lure people away from their current banks.
