Elon Musk has just taken one more step towards turning X into "the everything app."On Monday, Musk's social media platform X announced the launch of a new service on the platform called X Money.
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What is X Money? The new service on X basically provides banking and financial services for paying X Premium and Premium+ subscribers right within the app. X Money includes peer-to-peer payments and money transfers within the X platform, as well as a deposit account. Users will also receive "the X card," a physical Visa debit card for ATM withdrawals and in-person transactions.
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According to the announcement post, X Money users will be able to conduct a variety of everyday transactions directly within X, just as they would with any other bank account. Some core functions of X Money include:Sending wire transfersMailing checksPaying billsPaycheck direct depositSend and receive money to anyone on XX also says that users can get paid up to two days early with direct deposit.
