Elon Musk's X has started rolling out its X Money app to paid subscribers in the United States, marking a significant step toward turning the social platform into a financial hub. Main Developments The app offers an X Visa debit card that users can immediately add to Apple Pay. Subscribers gain access to instant peer-to-peer transfers within the app without fees or limits. A physical X Visa debit card is also available, featuring no foreign transaction fees and free cash withdrawals at worldwide ATMs. The rollout targets U.S. Premium and Premium+ subscribers starting today. Read also: WhatsApp Web Now Supports Audio and Video Calls Background X has been building toward a comprehensive payments system since Musk acquired the platform formerly known as Twitter. The company has gradually added financial features, including tipping and creator payouts, as part of a broader strategy to create an "everything app." Why It Matters This launch positions X to compete directly with established payment platforms like Venmo and Cash App. By integrating financial services into the social network, X could capture transaction volume and user data that increases engagement and revenue. What's Next X Money is initially available only to U.S. subscribers, with no announced timeline for international expansion. The company may introduce additional features such as savings accounts or lending as the platform matures.