Elon Musk’s financial service X Money has been officially deployed for Premium and Premium+ subscribers of the X network in the United States, starting July 27. The app offers peer-to-peer payments through Cross River Bank, instant and free transfers, an annual yield of up to 6 %, and 3 % cashback on purchases made with the X Card. Deposits are guaranteed by the FDIC up to 250,000 dollars, and a cash sweep program provides global coverage of up to 10 million dollars. Cryptocurrency and stablecoin integration remains a planned feature, with the potential prospect of a native stablecoin based on the GENIUS Act regulatory framework. The rollout to all 560 million users claimed by X is expected soon.
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