TLDR Tech / Fintech
Musk starts expanding X payments to more users after delay
X has begun rolling out X Money to a broader group of premium US users, marking the next step in Elon Musk's plan to turn the platform into an all-in-one financial app. Early features include peer-to-peer payments, money storage, 3% cash back on eligible purchases, and a reported 6% interest rate on cash balances, signaling a push to compete with digital wallets and traditional banking. If X can successfully combine payments, banking, and social engagement in a single platform, it could become a significant new fintech distribution channel with millions of built-in users.
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