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X Money Launches With High Yields | Dayton News
Elon Musk is turning X into a financial powerhouse with the launch of X Money, letting users send, receive, and earn money directly within the app—complete with 6% yields and 3% cashback for Premium subscribers. Backed by FDIC insurance and partnering with Cross River Bank, the service is already live in 41 states, aiming to lure users away from traditional banking through seamless, high-reward transactions. But regulators are watching closely, wary of temporary promo rates that could lure users before scaling back. With hundreds of millions of active users, this bold move could redefine how…
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