Elon Musk is hoping to turn X into an “everything app,” a goal that is being advanced with the release of a new financial services tool pledged to launch this month, Carmen Arroyo, Kurt Wagner, and Emily Mason of Bloomberg reports. X Money, a banking and payments platform built inside social media X, is set to make its early public access debut imminently. The new product will include 3% cash back on eligible purchases, a 6% interest rate on cash savings, and is expected to offer free peer-to-peer transfers, according to reports from users with early access.
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