X introduces banking service in bid to become an ‘everything app’

Elon Musk’s social media app X on Monday began offering its X Money banking service to all US subscribers of its paid Premium and Premium+ tiers, part of the multi-billionaire’s ambition to turn the site into an “everything app,” Euronews writes.

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 cheque without leaving the X app.