These are the key features that your new digital wallet X Money will have.
š³ Customized Debit Card: A physical (metalized) card that carries your X username instead of your real name.
šø Free Transfers: Send money to anyone on the platform instantly and without fees. If you can send a DM, you can send money.
š° 6% Yield: Your dollar balance will generate 6% annual interest, a rate much higher than that of traditional banks.
š Integrated Investments: Buy and sell stocks or cryptocurrencies directly from the timeline using Cashtags (e.g., $TSLA or $BTC).
š¦ Your Total Bank Account: You will be able to receive your salary, pay bills, and manage all your capital without leaving the app.
š”ļø Security and Backup
FDIC Insurance: Funds are protected up to $250,000 USD, complying with U.S. banking regulations.
Official Licenses: X already has money transmitter licenses in over 40 states to operate legally.
X is about to become a Superapp.