Elon Musk's X launches X Money financial service in the US: Here's how it works

Elon Musk-owned X has started rolling out X Money , its new financial service for users in the United States, expanding the platform beyond its invite-only beta. The service is initially available to X Premium and Premium+ subscribers and combines banking features , peer-to-peer payments and a Visa debit card within the X app.

X Money lets users send and receive money, hold deposit accounts, use a virtual or physical Visa card and add the card to Apple Wallet. The launch is part of Musk’s broader plan to transform X into an “everything app” by bringing financial services alongside social networking.