Elon Musk's X Is Building a Payments App — Cross River Bank Will Power It. Here's What That Means for Crypto
5h ago · 1 source
Cross River Bank has been tapped to provide embedded banking and peer-to-peer payment services for X Money, the financial services arm of Elon Musk's X platform (formerly Twitter). The partnership will enable users to send money to each other and access traditional banking features directly within the X app. While not explicitly crypto-focused, the move brings X closer to its long-stated goal of becoming an "everything app" with financial services at its core.
WHY IT MATTERS
Imagine if your social media app also worked like Venmo or Cash App — letting you send money to friends, pay for things, and maybe even buy crypto, all without leaving the app. That's what X (formerly Twitter) is trying to build with X Money. Cross River Bank, which already helps companies like Coinbase handle money behind the scenes, will provide the financial plumbing. Think of Cross River as the invisible engine that makes the money actually move. For crypto, this matters because once hundreds of millions of people are already using X for payments, adding the ability to buy or send Bitcoin or other cryptocurrencies becomes much easier — and could introduce a massive new audience to crypto.
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Educational only — not financial advice.