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

Elon Musk's X (formerly Twitter) launched an invite-only financial service called X Money, offering a 6% yield on deposits, 3% cashback on purchases, and real-time money transfers via a Visa debit card. The service uses Cross River Bank's infrastructure and requires a $1,000 deposit and X's premium subscription to access the full yield.