Elon Musk launches invite-only X Money with a Visa debit card, 6% yield and real-time transfers

Elon Musk's X launched X Money, an invite-only financial service offering a Visa debit card, 6% yield on deposits, and real-time money transfers. The service uses Cross River Bank's infrastructure and is available to X's paying members, requiring a $1,000 deposit and $8 monthly premium to access the 6% yield.