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X officially launches X Money service in the United States.
Golden Finance reported that on June 26, X officially launched the X Money service in the United States. Initially, it is only available to some Premium+ users. After collecting user feedback and refining the platform, X will open it to a wider user base. Users can now send and receive money directly on the X platform, with the service powered by Visa and linked to users' debit cards and bank accounts. X user Corey sent $25 directly to the world's richest person, Elon Musk, via X Money. A screenshot of the payment receipt shows the payee, payment time, payment amount, payment status, balance, and transaction ID.
Previously, Musk stated that the early public access version of X Money would launch in April. It is reported that X has obtained money transfer licenses in dozens of U.S. states. This launch is a significant step in Musk's vision of turning X into an "everything app" that integrates social media, payments, banking, and e-commerce.