X launches banking features with 6% interest on deposits
Elon Musk has introduced banking services for Premium and Premium+ subscribers on X in the US, moving closer to his goal of creating an "everything app." Through X Money, users can now manage deposits, conduct peer-to-peer transactions, settle bills, initiate wire transfers, and send checks directly within the platform. The service offers an annual interest rate of up to 6% on deposited funds.
by shortkt.com✓