X Money is launching in the US starting today

X Money, a major part of Elon Musk’s mission to transform X into “all apps,” begins today, 9 to 5mc reports. The payment platform offers a digital wallet and peer-to-peer payments similar to Venmo, along with Visa credit card users can register with their X username. Other benefits include support for Apple Wallet and free money transfers on X. It also announces “up to” 6 percent APY, but only for Premium Plus subscribers. eligible – Premium subscribers have to make some deposits to get the “upgraded” 6 percent APY.

X Money previously had an invite-only beta, but it will now be available to X Premium and Premium Plus subscribers in the US. The launch comes a few months after Elon Musk he said “Early public access” of the payment platform was launched in April.

Earlier this year, Senator Elizabeth Warren raised security concerns of X Money, writing that it could pose risks to “consumers, the security of our country, and the stability of the financial system.” Launching a payment platform on X has been Musk’s project for some time – in 2023, he said. at the X employee meeting that, “If it involves money, it will be on our platform.”