X Money Launches with FDIC Banking, 6% APY
X Money fully launched with FDIC pass-through via Cross River Bank, offering 6% APY, early direct deposit, and metal card with @handle. This signals X's pivot to financial services, potentially disrupting neobanks and threatening PayPal/Venmo. Key watch: deposit growth, Cross River's stability, and regulatory pushback from Sen. Warren.
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Updated Jul 28, 2026