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X Money’s 6% Yield and the Risks | Durham News
X just launched X Money, a high-yield financial service for Premium users offering a 6% APY—way above traditional banks—but with steep requirements: $1K minimum, Premium Plus ($40/mo) or Premium ($8/mo with direct deposit). Critics, including Senator Elizabeth Warren, are raising red flags over Cross River Bank’s past regulatory issues and consumer protections. While the offer is tempting, analysts question its sustainability in a crowded market dominated by Venmo, Cash App, and Zelle. The real test? Whether X Money can deliver reliable fraud protection and long-term stability. Listen in…
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