Elon Musk's 'X' has launched X Money banking services for Premium users in the US, advancing his "everything app" vision. The platform enables deposits, payments, bill pay, and transfers within the app. Backed by Cross River Bank with FDIC insurance, it offers up to 6% yield, drawing scrutiny from regulators and competition with Venmo, Cash App, and SoFi.
Business
Elon Musk's "X" Rolls Out Banking Services
