Musk's X Money Goes Live in 41 States Amid Warning from Elizabeth Warren
The beta era is officially over. Elon Musk’s X Money has transitioned from an invite-only testing phase to a nationwide rollout, available to X Premium and Premium+ subscribers across 41 U.S. states. This expansion introduces a Visa-branded debit card backed by up to $10 million in FDIC-linked coverage, signaling a massive push into the digital payments landscape.
Despite the rapid deployment, the move has triggered political friction. Senator Elizabeth Warren has voiced concerns, warning that Musk’s banking ambitions could pose significant risks to the financial ecosystem. As X Money attempts to bridge social media and finance, the tension between disruptive fintech innovation and traditional banking regulation continues to escalate.
This rollout marks a pivotal moment for the platform formerly known as Twitter, as it seeks to integrate seamless financial transactions into its social ecosystem. However, the expansion has met political headwinds. Senator Elizabeth Warren warned that Musk’s ambitions to build a banking powerhouse could pose systemic risks, highlighting the growing scrutiny over how tech giants influence the financial sector.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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