Crypto

X Money Rolls Out with Free Transfers and Up to 6% APY for Premium Users

Guavy AI Editorial Team Published July 28, 2026

Instruments

XRP

Elon Musk's vision of an 'everything app' is taking shape with the launch of X Money, a peer-to-peer (P2P) powered financial platform that allows users to manage their money directly on the X platform. The service has started rolling out to Premium and Premium+ subscribers in the United States.

X Money offers a range of features, including free and instant P2P transfers, cashbacks with the Visa card, and up to 6% Annual Percentage Yield (APY). Premium subscribers will receive a 4% APY, which increases to 6% if they direct deposit $1,000 or more within a 34-day period.

The platform is built on the XRP Ledger, powered by Ripple's partner Cross River Bank, and offers FDIC insurance up to $10 million through the Cash Sweep Program. Users can also set custom limits and require authentication for transactions, with card transfers protected by Visa's security capabilities.

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