Elon Musk launches invite-only X Money with a Visa debit card, 6% yield and real-time transfers
- Posted on July 28, 2026
- By The Toronto Star
- 1 Views
- 1 min read
In brief
Elon Musk's X platform enters the fintech space with X Money, an exclusive banking solution combining peer-to-peer transfers with investment features. The service offers users a Visa debit card, competitive 6% yield opportunities, and instant money transfers between members. This strategic move positions X as a financial ecosystem competitor, integrating banking capabilities directly into its social platform while targeting tech-savvy users seeking convenient, high-yield financial services.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Elon Musk launches invite-only X Money with a Visa debit card, 6% yield and real-time transfers
NEW YORK (AP) — Elon Musk's social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another.
