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US Business · techcrunch.com · Monday, 10 August 2026

X Money launches 6% APY, $10M FDIC coverage for Premium users

X Money now offers a 6% annual yield and up to $10 million FDIC‑insured sweep for Premium+ subscribers, plus a Visa debit card and early direct‑deposit access. The rollout pushes Elon Musk’s vision of an all‑in‑one app, forcing banks to reckon with high‑yield, socially integrated finance.

Read the source: techcrunch.com ↗In the 10 August issue →