Musk says X Money will let users send $1 by long-pressing the like button
- —X Money transfers carry no fees or limits, with funds held at FDIC-member Cross River Bank and insured up to $250,000.
- —X Money pays up to 6.00% APY on deposits and offers 3% cashback on eligible X Card purchases.
- —Musk has said the "$" button in X Payments will enable direct digital-asset trading on the platform.
Why it matters: Embedding payments in X could open a path to crypto transactions for the social network's user base and bolster expectations around DOGE and BTC.
Source: Blockmedia