Elon Musk’s social media platform X (formerly Twitter) launches X Money, an invite-only, bank-account-like service that lets users send money to one another. According to reports, the offering is designed to function as a digital account within X’s ecosystem, enabling person-to-person transfers. The service includes a Visa debit card, allowing users to access funds directly through card payments. Sources also report that X Money advertises a 6% yield associated with the product, though details about how yield is calculated are not provided in the available summaries. Another announced feature is real-time transfers, indicating money movements occur immediately rather than through delayed processing. The launch is positioned as a new financial step for X, expanding beyond social media into payment and account services. As described across the two reports, access is limited at first via invites, suggesting a phased rollout rather than broad availability from the start.