Elon Musk launches invite-only X Money with a Visa debit card, 6% yield and real-time transfers

Elon Musk's X platform has launched X Money, a new financial service. This service allows users to send money to each other in real-time. X Money offers a competitive six percent yield on deposits and three percent cashback. Customers must meet deposit and premium subscription requirements to earn these benefits. The company aims to integrate financial services into its broader "everything app" vision.