Musk’s X Money Platform to Offer 6% APY and Debit Card That Earns Cash Back

Musk's X Money Platform

Musk’s X Money Platform

Some of the features of the new X Money platform have been revealed. That is X as in former Twitter, which is expanding into financial services.

The details that we have learned so far include:

  • $25 welcome bonus
  • A metal debit card that earns cash back. It’s not clear how much.
  • 6% APY which is a great rate, but we do not know if there are any limits. A screenshot says “Earn APY when you deposit your paycheck into your X account”.
  • Deposits are held by Cross River Bank, Member FDIC.
  • You can earn an invitation with a $1,000 donation to William Shatner’s Charity Horse Show Organization.

 

HT: DoC

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