X has officially launched X Money, which supports the Apple Wallet, moving from a limited trial phase to an official launch today. The company announces that X Money is now available for Premium and Premium+ subscribers in the United States.

Financial services within the X platform

According to "9to5mac," X Money combines a deposit account, peer-to-peer payments, and a Visa debit card within the X platform. Users can send, receive, and request money from others on the platform instantly without fees or limits.

Premium+ subscribers get an annual yield of up to 6%, while Premium members can access this rate after meeting direct deposit requirements. Users also receive a 3% cash back on qualifying X Card purchases.

An X virtual card is issued automatically and can be added to Apple Pay through the Apple Wallet. Users can request a physical debit card, customize how their names are displayed, and choose to include their X username.

Deposit accounts are managed by Cross River Bank, a member of the Federal Deposit Insurance Corporation (FDIC). New users receive a $15 welcome bonus when joining the service.