X has officially launched X Money, which includes Apple Wallet support, moving the service beyond its invite-only beta and beginning a rollout today.
The company says X Money is rolling out to Premium and Premium+ subscribers in the United States.
X Money combines a deposit account, peer-to-peer payments, and a Visa debit card inside X. Users can instantly send, receive, or request money from others on the platform without fees or limits.
Top comment by Jay Diamond
They may be tracking all of your purchases so that the data can be sold to third parties.
Hard pass.
Premium+ subscribers can earn up to 6% APY, while Premium subscribers can reach that rate after meeting direct-deposit requirements. Eligible X Card purchases earn 3% cash back.
A virtual X Card is issued automatically and can be added to Apple Pay through Apple Wallet. Users can also order a physical metal card, personalize how their name appears, and choose whether to include their X username.
Deposit accounts are held at Cross River Bank, Member FDIC. You can learn more about X Money here.
New users may receive a $15 welcome deposit for joining the service.
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