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Crypto-friendly bank Cross River will provide P2P payments and banking services to X Money

2026-07-28 00:59:38

Abstract generation in progress

Mars Finance news, citing Cointelegraph: crypto-friendly bank-as-a-service provider Cross River will provide banking infrastructure for X Money, supporting peer-to-peer payments, FDIC-insured interest-bearing accounts, and Visa debit card services. Cross River’s banking platform and payment rails will support X’s “super app” strategy, and are designed to expand to additional financial products over time. X Money entered limited testing in May 2025 and expanded to external testing in March 2026. X has already obtained money transfer licenses in more than 40 US states and registered with FinCEN to support peer-to-peer payments on the platform. The announcement did not mention support for cryptocurrencies or stablecoins.

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