17:46 - 29.07.2026

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July 29, Fineko/abc.az. Elon Musk launches service X Money, which will function as a digital wallet for paid subscribers of the X platform in the U.S.

Users receive an X Visa debit card, which can be instantly added to Apple Pay for interest-free and unlimited money transfers within the app. It is also possible to order a physical X Visa card without fees for foreign transactions and with the ability to withdraw cash from ATMs worldwide for free.

Key benefits:

• Cashback up to 3%: Cashback is awarded when making purchases.

• Yield up to 6% per annum: Up to 6% per annum is awarded on funds held on the X Money balance. Premium+ subscribers receive 6% immediately, and regular Premium subscribers receive 4% (with the possibility of increasing to 6% with a monthly direct transfer of $1,000).

• Early access to salary: The ability to receive direct salary deposits a few days earlier.

The launch of X Money is part of Elon Musk's long-term strategy to transform the X platform into a universal app for all aspects of life (everything app).