X Money is launching in the US starting today

Core Impact Points

• X Money offers a digital wallet and peer-to-peer payments similar to Venmo, along with a metal Visa card users can emblazon with their X username.
• Premium Plus subscribers are eligible for up to 6% APY, while standard Premium subscribers need to deposit a certain amount of money to get a 'boosted' 6% APY.
• The launch of X Money comes after Elon Musk said 'early public access' for the payment platform was launching in April, and despite concerns from Senator Elizabeth Warren about potential risks to consumers and the financial system.
• X Money will be available to X Premium and Premium Plus subscribers in the US, marking a significant expansion of the platform's reach.
• The platform also offers Apple Wallet support and free money transfers on X, making it a more comprehensive payment solution.
• The launch of X Money is a key part of Elon Musk's vision for X to become an 'everything app,' offering a range of services and features to users.