What is X Money? Elon Musk’s new app offers payments, banking and 6% yield

NewsWorldWhat is X Money? Elon Musk's new app offers payments, banking and 6% yield X users can now send money, receive paychecks, pay bills, and use a Visa debit card without leaving the app. 3 min readJul 28, 2026 08:28 AM IST First published on: Jul 28, 2026 at 08:28 AM IST X has started a nationwide rollout of X Money. (File Photo) X has begun a nationwide rollout of ‘X Money’, a new financial service built directly into its social media app for Premium and Premium+ subscribers. The launch marks one of Elon Musk’s biggest steps yet toward turning X into an all-in-one platform combining social networking, payments and everyday banking.What does X Money offer? The service includes deposit accounts, instant peer-to-peer payments, a Visa debit card, and direct deposit, all without leaving