Elon Musk finally launches X Money. What could possibly go wrong?
At a glance
Imagine you’re an X user who's actually excited to make the app your primary payments app after X Money finally launched Monday, after years of delays, for US Premium and Premium+ subscribers. You transfer funds and set things up so that your paychecks automatically deposit to X, where you expect to receive cashback re
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Imagine you’re an X user who's actually excited to make the app your primary payments app after X Money finally launched Monday, after years of delays, for US Premium and Premium+ subscribers.
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.
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This summary comes from Ars Technica - All content. Read the full article at the original source.
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