X Money Launches Payment Service for Premium+ Users in the US: 3% Cash Back and 6% Interest Rate.

X Money Payment Service Goes Live

According to Novyny.live: X has begun rolling out its new payment service, X Money, to Premium+ subscribers in the United States. The company plans to expand access further after collecting initial user feedback. Developed in partnership with Cross River Bank and Visa, X Money allows users to pay for purchases, send donations, invest, and store funds in an account. Early testers report that the service offers 3% cash back on select items and a 6% interest rate on deposits.

Users also benefit from fee-free cash withdrawals, transfers, and international transactions. Looking ahead, the company intends to launch banking cards and an investment service, as announced by Linda Yaccarino in summer 2025.

Future Growth Prospects

In April 2026, company founder Elon Musk described the launch of a banking service as a critical step toward building an "everything app." Musk stated,

“Launching a banking service is a key step toward creating an 'everything app.'”

X Money thus opens up new possibilities for its users, with further service enhancements planned that could reshape the financial market.

The introduction of X Money underscores the company’s ambition to embed financial services directly into its platform, potentially transforming the digital finance landscape. Features like cash back and zero-fee transactions are designed to attract new users and deepen engagement among existing ones. These developments, along with planned innovations, highlight X’s drive to become a major player in the financial sector, particularly as it pursues the vision of a comprehensive "everything app."