X Rolls Out X Money Nationwide in the United States

X has begun a nationwide rollout of X Money in the United States. The service offers deposit accounts, peer-to-peer payments and a Visa debit card directly within the app.

Premium subscribers in the US can earn up to six percent annual yield on balances. The feature aims to integrate financial services into the social platform.

The rollout comes amid growing lawmaker scrutiny over consumer protections in fintech. Regulators are examining how such services handle user funds and data.

X Money builds on earlier payments features. It seeks to position the platform as a comprehensive financial hub for users.

The service is currently available to eligible Premium subscribers in the United States. Expansion details and full features will be rolled out gradually.

Critics have raised concerns about mixing social media with banking services. They point to potential risks in data privacy and consumer safeguards.

X has not released full details on partnerships with banks or regulators. The company has emphasised convenience and yield as key benefits for users.

The launch reflects broader trends in social media companies entering financial services. Several platforms have introduced payments and banking-like features in recent years.

Users interested in the service are advised to check eligibility and terms within the app. Regulatory compliance and consumer protections will be closely watched as the rollout continues.