X Becomes U.S. Super‑App Bank

Elon Musk’s X is rolling out 'X Money' with a metal Visa debit card, P2P transfers, high‑yield savings (~6%), 3% cashback, and an xAI spending concierge while migrating creator payouts from Stripe. If broadly adopted, X would combine social identity, conversational UX and financial rails in a single private platform across many U.S. states. — Consolidating social identity plus financial services on one platform raises pressing questions about market concentration, privacy of transaction data, regulatory oversight, and the power to gate payments and creator incomes.