Cross River Bank
Coverage of Cross River Bank in the Nexus archive.
- 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.
- 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.
- 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 real-time money transfers, a 6% yield on deposits, and a Visa debit card. The service uses Cross River Bank's infrastructure and is available to X's paying members, requiring a $1,000 deposit to earn the 6% yield. X aims to compete with peer-to-peer services like PayPal's Venmo, Zelle, and Cash App.