Money | Crypto

The banking-as-a-service provider will power X Money’s peer-to-peer payments, FDIC-insured accounts and Visa debit cards as the platform expands its financial services. Cross River said Monday it will provide the banking infrastructure for X Money, the financial services platform being integrated into X, enabling peer-to-peer payments, FDIC-insured interest-bearing accounts and Visa debit cards. The company said its banking platform and payment rails will power the service as X continues its push to become an “everything app,” with infrastructure designed to support additional financial products and services over time. Cross River provides embedded financial infrastructure for payments, cards, lending and cryptocurrency services to fintech and technology companies through its regulated banking platform and payment rails. The announcement did not mention support for cryptocurrencies or stablecoins. Read more

The Massachusetts Democrat has been critical of private companies, including non-bank entities, issuing their own dollar-pegged stablecoins. US Senator Elizabeth Warren has asked Elon Musk for information on X Money, a payments feature that is expected to be integrated into the X social media platform in the near future. Warren, who is a longtime critic of Musk and the cryptocurrency industry, wrote in a letter on Tuesday that X Money’s potential stablecoin and crypto integrations could pose risks to the financial system and US national security. She questioned whether the platform would also issue its own stablecoin, under a legal “carveout” in the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which allows private companies to issue their own stablecoins.  Warren said X Money’s limited beta preview suggests it will offer 6% interest on deposits and partner with Cross River Bank, which was subject to enforcement action by the Federal Deposit Insurance Corporation (FDIC), a bank...

Elon Musk just gave the internet its first real glimpse of X Money, and the crypto world immediately started connecting the dots regarding XRP and its price prediction.The new payment system from X is rolling out in beta and aims to turn the platform into a full financial hub. Early previews show users sending money, […] The post XRP Price Prediction: Billionaire Elon Musk Reveals New “X Money” Payment Platform — Is XRP About to Be Added? appeared first on Cryptonews.

Screenshots shared by movie star William Shatner offered some hints into how Elon Musk's X Money would work. Elon Musk’s new payment app X Money has rolled out limited external beta testing this week, with early screenshots showing that users would be entitled to cashbacks and yield on deposits. One of the beta testers included Hollywood actor William Shatner, who played Captain Kirk in the original Star Trek series, and was invited to participate in the beta. Several screenshots shared by Shatner show that X Money users will be able to earn cashback on certain card purchases and earn 6% annual percentage yield on deposits.  Read more

After BlackRock suggested that Ethereum could become the foundation of a tokenized economy, we explain why the Ethereum price prediction is looking so good right now. The post Ethereum Price Prediction: Wall Street Giant BlackRock Sees Ethereum as Financial Infrastructure – Could ETH Become the Internet of Money? appeared first on Cryptonews.

[PRESS RELEASE – Vaduz, Liechtenstein, November 11th, 2025] First location is in Cyprus, utilizes xMoney stack to facilitate faster payments, and many more locations are on the horizon. In a new collaboration aimed at appealing to pizza enthusiasts worldwide, xMoney, the pioneering payments company, is broadening its platform reach by welcoming a new partnership with […]

Gold has pushed to records and Bitcoin has exceeded prior peaks, and CZ with Schiff have weighed a live debate on whether tokenized gold or decentralized crypto better meets money’s exchange, account, and value roles—Gold Bitcoin CZ Schiff. The post Gold vs Bitcoin: Peter Schiff to Debate CZ Over the Future of Money appeared first on Cryptonews.

1Money secured 34 U.S. money transmitter licenses and a Bermuda Class F digital asset license to launch stablecoin orchestration services. 1Money, a company building a layer-1 blockchain for stablecoin payments, has secured 34 US money transmitter licenses and a Class F digital asset business license from the Bermuda Monetary Authority. According to a Thursday announcement, the company plans to launch global “stablecoin orchestration services” through its regulated entities. It aims to provide stablecoin infrastructure, including a dedicated layer-1 protocol, orchestration services and a full suite of compliant fiat solutions. 1Money says its regulated footprint enables it to support both stablecoin and real-world asset (RWA) issuers. Its customers would be allowed to mint stablecoins and RWA tokens and connect them with the traditional banking system. Read more

Initial testing of the payment and banking app will be limited because "extreme care" must be taken when people's savings are involved, Elon Musk wrote on X. X Money, the payment and banking app tipped by Elon Musk in 2022 after he acquired Twitter, has started beta testing, Musk confirmed in an X post on May 25. Tesla Owners Silicon Valley, a fan X account focused on Elon Musk and Tesla, took to X on May 25 to report that Musk has confirmed that X is “launching X Money soon.” The billionaire businessman subsequently jumped on the X thread to confirm the news, writing that the test will be a “very limited access beta at first.” Read more