HomeBusinessRevealed: 7 key things to know before using X’s new digital banking...

Revealed: 7 key things to know before using X’s new digital banking service

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Elon Musk launches xMoney, aiming to transform X into an all-in-one financial super appUsers can enjoy rewards like cashback and high interest rates, but should remain cautiousxMoney’s success hinges on regulatory approval and user trust amid concerns about traditional banking

Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.

Elon Musk has taken another major step toward turning X into the “everything app” he has promised since acquiring Twitter.

The billionaire entrepreneur has launched xMoney, a digital financial service designed to let users send money, earn rewards and carry out everyday financial transactions without leaving the X platform.

Elon Musk launches Money to 'kill' traditional banksElon Musk launches xMoney, reveals top benefits and perks. Credit: BRENDAN SMIALOWSKI / Contributor
Source: Getty Images

Currently rolling out to a limited number of Premium+ users in the United States, xMoney is already generating buzz for its generous rewards and ambitious vision.

While some have dubbed

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