Cross River Powers Banking Services for X Money Platform

Cross River has announced that it will provide banking infrastructure for X Money, a financial services platform integrated into the 'everything app' X. This partnership will enable peer-to-peer payments, FDIC-insured interest-bearing accounts, and Visa debit cards on the X Money platform.

The banking-as-a-service provider Cross River said its regulated banking platform and payment rails will power these services as X continues to expand its financial offerings. The company provides embedded financial infrastructure for payments, cards, lending, and cryptocurrency services to fintech and technology companies.

X Money has been in limited beta testing since May 2025, with Elon Musk confirming that the initial rollout was limited due to 'extreme care' needed when handling users' savings. X Money expanded to a limited external beta in March 2026 ahead of a wider launch.