The online platform X of entrepreneur Elon Musk has launched a banking and payment service called X Money in the United States. Since Monday, the new offering has been available to American users and allows them to work with money directly within the app without having to switch to another service. aktuality.sk ↗
The offering also includes a Visa debit card. Through X Money, users can deposit money, pay bills, make transfers, and send money to one another free of charge and instantly. The service thus expands the functions of the X platform from the social network space toward financial services. Der Standard ↗
The launch of X Money follows Musk's long-standing effort to expand the X platform with further practical features. The new service is meant to connect communication, payments, and money management within a single app in the American environment. Available information so far speaks only of the launch in the USA, not of an expansion to other countries. teraz.sk ↗
Further developments will depend on adoption among users and on how the service establishes itself against the competition of existing banking and payment apps. X Money also represents another step in transforming the X platform into a broader digital ecosystem. Der Standard ↗
X launched banking service X Money in the USA
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