X Launches X Money External Beta

Elon Musk's X this week began limited external beta testing of X Money, offering users cashback on card purchases and a reported 6% annual percentage yield on deposits, which are held at Cross River Bank and insured by the FDIC up to $250,000. Hollywood actor William Shatner participated and auctioned beta invites; X said eligibility requires U.S. residency, age 18+, and an active X account, while crypto integration remains unconfirmed.