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X Launches Money Service, 6% APY, Warren Warns

4/27/2026

27 6 Full Breakdown

Summary

Story summary

X launches X Money in United States this month, adding a payments and savings service.
X Money provides 3% cashback, 6% APY, a metal Visa card, Grok AI and licenses in about 40-44 states, but withdrew its New York application.
Senator Elizabeth Warren and analysts Harshita Rawat and Richard Crone warned of consumer-protection risks and said X may struggle to become users’ primary bank.

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Story summary

X launches X Money in United States this month, adding a payments and savings service.
X Money provides 3% cashback, 6% APY, a metal Visa card, Grok AI and licenses in about 40-44 states, but withdrew its New York application.
Senator Elizabeth Warren and analysts Harshita Rawat and Richard Crone warned of consumer-protection risks and said X may struggle to become users’ primary bank.