Elon Musk's X adds banking in 'everything app' push
Amid lawsuit over AI child abuse material, xAI sues one Grok userThe launch positions X to compete with established payment apps such as PayPal's Venmo, Block's Cash App and SoFi, drawing on the app's user base of millions.Ahead of its launch, the service drew scrutiny in Washington.In an April 14 letter, U.S. Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, pressed Musk on how X Money would "generate revenue sufficient to pay that yield."She also cited past FDIC enforcement actions against Cross River over lending practices.
- ▪Amid lawsuit over AI child abuse material, xAI sues one Grok userThe launch positions X to compete with established payment apps such as PayPal's Venmo, Block's Cash App and SoFi, drawing on the app's user base of millions.Ahead of its laun
- ▪Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, pressed Musk on how X Money would "generate revenue sufficient to pay that yield."She also cited past FDIC enforcement actions against Cross River over lending prac
2 outlets in our directory ran this story, first to last over 7 hours. All of the coverage we found sits in one bucket: lean left. That one-sidedness is itself worth noticing.
- ▪ Musk's X adds banking in 'everything app' push — Le Monde (EN)
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| Original publisher | The Hindu |
| Canonical URL | https://www.thehindu.com/sci-tech/technology/elon-musks-x-adds-banking-in-everything-app-push/article71275388.ece |
| Publication time | Tue, 28 Jul 2026 09:54:22 +0530 |
| Retrieval time | 2026-07-28T04:36:38.165Z |
| Last seen | 2026-07-28T04:36:38.165Z |
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Opening excerpt (first ~120 words) tap to expand
Elon Musk's social media app X on Monday began offering its X Money banking service to all U.S. subscribers of its paid Premium and Premium+ tiers, part of the multi-billionaire's ambition to turn the site into an "everything app."The rollout widens access to a product that had been available since late June as a test to a limited group of top-tier subscribers.X Money lets users hold deposits, send peer-to-peer payments, pay bills, transfer money by wire, and mail checks without leaving the X app.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu.
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