Elon Musk finally launches X Money. What could possibly go wrong?

Imagine you’re an X user who's actually excited to make the app your primary payments app after X Money finally launched Monday for US Premium and Premium+ subscribers after years of delays. You transfer funds and set things up so that your paychecks automatically deposit to X, where you expect to receive cashback rewards and a high annual yield of 6 percent on your funds—a rate that’s genuinely competitive with some banks. But once you’ve put your money in the app, you realize that X Money has a lot of limitations. Most glaringly, you can currently only send peer-to-peer payments to other X users who have access to X Money and are 18 and older. Read full article Comments