Overview
- Reports Tuesday said X is nearing an early public launch of X Money, a built-in wallet that testers have used for payments in profiles and direct messages.
- Preview builds offer free person-to-person transfers, a personalized metal Visa debit card, up to 3% cash back, and a savings rate near 6%.
- X lacks required licences in several states, including New York and Massachusetts, which signals a staggered U.S. release.
- Senator Elizabeth Warren pressed Musk in an April letter to explain consumer safeguards given scams, fraud and privacy probes on X.
- Payments analysts warn the app still lacks one-click checkout and faces trust hurdles, which could limit spending even if usage starts to grow.