- Musk’s ‘Everything App’ target, India expansion also possible.
Elon Musk Elon Musk’s company But now the company has introduced its new digital payment app X Money in America. This clearly means that now users will be able to make online payments through X only. According to the information, this service is currently made available in America and for paid X subscribers only.
New digital payment app launched in America
According to media reports, X Money has been launched for those users currently living in America who have taken paid subscription of X. Through this new service, users will be able to send money, make payments and manage their financial transactions easily within the app. Let us tell you that the aim of the company is to bring social media and digital finance on a single platform so that users do not have to depend on other apps for anything.
it won’t take any
Another big feature of this new X Money app is that with its help the user will also get the facility of instant Peer-to-Peer (P2P) transfer. Through this, users will be able to send money to other users immediately within the app. The company claims that the user will not have to pay any extra charge to use this feature. Also, no transaction limit has been imposed for this.
Will get X Visa debit card
Let us tell you that along with X Money, X Visa Debit Card will also be given to the users. This will be a digital card, after receiving which users can connect it directly to Apple Pay. Let us tell you that this card can also be used to make online or offline payments. Not only this, the company has given another facility to the users. Actually, with the help of this card, now no extra charge will be taken on foreign transactions.
Want to make Everything App
Elon Musk has told many times in public that he wants to create a platform where users will get everything at one place. That’s why he wants to make X an Everything App.
Now the launch of X Money is being considered an important part of this plan. If this service is successful, then in the coming time investment, digital wallet, bill payment, shopping and other financial services can also be connected to it.
These users will get more benefits
Actually, with X Money, X wants to provide additional financial benefits to its premium subscribers. According to the information, now users taking Premium+ plan and paying $40 every month or $395 annually will get 6% annual interest (APY).
Apart from this, users with Premium plan can also take 6% APY but for this they will have to link Direct Deposit with their X Money account. Apart from this, up to 3% cashback will also be available on some selected purchases. If users use the Direct Deposit facility, they will get their salary or other payments before the scheduled time.
Will X Money come to India also?
For your information, let us tell you that currently X Money has been launched only in America and the company has not yet shared any official information regarding its launch in India. But it is believed that if this service is successful in America, then after some time the company can launch it in India also.
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