Elon Musk's X Money finally launches for US Premium subscribers but faces significant limitations including restricted peer-to-peer payments and lack of money transmitter licenses in key markets like New York and Massachusetts. Experts warn these inconsistencies could hinder widespread adoption despite competitive cashback rewards and yield offers.
Background
X Money represents Musk's long-awaited entry into the digital payments space, aiming to transform X (formerly Twitter) into a comprehensive financial platform. The launch comes after years of delays and regulatory scrutiny over its ability to operate as a full-service payment system.
- Source
- Ars Technica
- Published
- Jul 29, 2026 at 06:00 PM
- Score
- 6.0 / 10