X Money is launching in the US starting today

Stevie Bonifield is a news writer covering all things consumer tech. Stevie started out at Laptop Mag writing news and reviews on hardware, gaming, and AI.X Money, a core part of Elon Musk’s mission to turn X into an “everything app,” is rolling out starting today, 9to5Mac reports. The payment platform 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. Other perks include Apple Wallet support and free money transfers on X. It also advertises “up to” a 6 percent APY, but only Premium Plus subscribers are eligible for it — standard Premium subscribers have to deposit a certain amount of money to get a “boosted” 6 percent APY.X Money was previously limited to an invite-only beta, but will now be available to X Premium and Premium Plus subscribers in the US. The launch comes a few months after Elon Musk said “early public access” for the payment platform was launching in April.Earlier this year, Senator Elizabeth Warren raised safety concerns about X Money, writing that it could pose risks to “consumers, our national security, and the stability of the financial system.” Launching a payment platform on X has been a mission of Musk’s for a while now — in 2023, he said during an X staff meeting that, “If it involves money, it’ll be on our platform.”Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Stevie Bonifield