Elon Musk’s X Expands to Include Banking Services in Push for Comprehensive App Experience

In a strategic move to transform his platform into an all-encompassing application, Elon Musk’s social media platform X debuted its new X Money banking feature to all paid Premium and Premium+ users in the United States. The service, initially available to a select group of top-tier subscribers starting from late June, now enables users to hold deposits, make peer-to-peer payments, settle bills, wire transfer funds, and mail checks seamlessly within the X app. The deposits secured through Cross River Bank, based in New Jersey, offer FDIC insurance coverage of up to $250,000. With Musk envisioning X akin to China’s WeChat…