Elon Musk's X launches financial service X Money for US subscribers

Social media platform X has expanded its financial services by rolling out its X Money product to all paid Premium and Premium+ subscribers in the United States. The release marks a significant step in owner Elon Musk's ongoing strategy to transform the platform into an "everything app."

Initially introduced in late June as a limited test for a small group of high-tier subscribers, X Money allows users to store deposits and conduct peer-to-peer payment transfers directly within the application. The expansion opens financial functionality to a broader user base as the company seeks to build out its payment infrastructure and integrate further transactional tools into its ecosystem.

Sources: Investor.bg