Elon Musk took another step in his goal of transforming X into a platform that brings together social networks, artificial intelligence and financial services. The businessman presented
What is X Money and how does it work?
X Money combines a performance account, a digital wallet and a Visa debit card to carry out financial operations from the application. Among the main functions of the service are:
The annual rate of up to 6% is available for Premium users, whose subscription costs $40 per month or $395 per year. For Premium users, who pay $8 per month or $84 per year, that return is earned by linking a direct deposit to the X Money account.
How safe is the money deposited?
A project that Musk started more than 25 years ago
Although X Money has just been introduced, the idea is not new. In 1999, Elon Musk founded X.com, a company focused on digital financial services that later merged with PayPal. After purchasing Twitter in 2022 and changing its name to
The launch of X Money represents the first major financial tool within that strategy.
