Foresight News reports that Elon Musk reposted a tweet from @Teslaconomics, revealing that the development of X Money will fundamentally change personal financial management. X Money has already undergone closed testing internally. Limited external testing is expected to begin soon, and it has obtained remittance licenses in over 40 states and Washington, D.C. X Payments is registered with FinCEN. Visa has also officially become a partner.
X Money will allow users to instantly top up their wallets, make peer-to-peer payments, transfer funds to bank accounts, and may support debit card payments in the future. Initially, the platform will function as a simple digital wallet for payments, subscriptions, and shopping. In the future, X Money may expand its features to include high-yield savings, investments, loans, and money market accounts.
Elon Musk said, “This will be big.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Curve Finance accuses a decentralized trading platform of unauthorized use of its code, violating open-source licenses.
Curve Finance accuses a decentralized trading platform of unauthorized use of its code, violating open-source license agreements. If the platform wishes to legally use its features, it can contact via licensing or partnership arrangements.
GateNews26m ago
21Shares Launches First US Spot Polkadot ETF on Nasdaq
21Shares listed the TDOT ETF on Nasdaq with a physically backed structure holding actual DOT tokens.
The ETF launched with about $11 million in seed capital and charges a 0.30% management fee, according to Eric Balchunas.
Polkadot plans a March update capping DOT supply at 2.1B tokens
CryptoFrontNews41m ago
'Not Bridges': Cardano Builder Highlights Vision for Direct Withdrawals - U.Today
Input Output Group announced the launch of USDCx on Cardano, a Cardano-native asset backed by USDC in Circle's xReserve. This integration enhances DeFi liquidity and enables seamless interaction between Ethereum and Cardano, despite some community criticism.
UToday41m ago
Circle completes $68 million in internal settlements among 8 entities using USDC within the first month
Circle CEO Jeremy Allaire revealed that Circle has completed internal entity transfers using USDC through the Circle Mint platform, transferring over $68 million in the first month, with significantly higher efficiency than traditional bank wire transfers. The platform will launch a fund management update in March to optimize account transfers and integrate with accounting system APIs.
GateNews46m ago
OpenSea introduces the Skill feature, enabling AI agents to query NFT data
Gate News Report, March 7th, OpenSea launched the Skill feature for AI agents. Users can query information such as NFTs, listings, and transactions through the terminal, or install it as a Skill to access OpenSea's on-chain data. This feature aims to provide AI agents with more powerful data access capabilities.
GateNews56m ago
Claude Code desktop version introduces local scheduled task feature
Gate News Announcement, March 7th, Claude Code core member Thariq tweeted that the desktop version of Claude Code has launched a local scheduled task feature. Users can create scheduled tasks and set them to run periodically; as long as the computer is awake, these tasks will continue to execute.
GateNews56m ago
