WIRE — Worlds richest person Elon Musk has taken another major step towards transforming X (formerly Twitter) into an everything app with the launch of X Money -- a new financial service that allows users to send money instantly to one another. The platform has introduced the service as an invite-only offering, marking its first significant push into consumer financial services. While X Money functions like a digital banking account, it is not a bank. Instead, the service operates using banking infrastructure and technology provided by Cross River Bank, while the customer-facing experience is fully branded as X Money.
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