Elon Musk’s big bang: X will now be your bank, ‘X Money’, ready for launch

Elon Musk has taken the biggest step towards transforming his social media platform X (Twitter) into a complete “everything app”. According to the latest reports, X is going to launch its banking tool “X Money” publicly very soon.

The aim of this new financial system is to provide users with all the facilities of social media, messaging and banking within a single app. According to Elon Musk, through this service, users will not only be able to send and receive money but also earn extraordinary returns on their savings.

X Money’s salient features:

6% annual return: 6% interest rate on savings accounts, which is 15 times higher than the US national average.

Personalized metal debit card: Users will receive a beautiful metal Visa card with their X handle (@username).

Cashback offers: Up to 3% cashback on select purchases.

Free money transfers: Users will be able to send money to each other for free within the app.

Experts say that if Elon Musk succeeds in this, X will become a super app like China’s “WeChat” on which you can live your entire financial life.