Cross River Provides P2P Payment and Banking Services for X Money

Cross River will provide banking infrastructure for X Money, supporting peer-to-peer payments, FDIC-insured interest-bearing accounts, and Visa debit card services. Cross River's banking platform and payment channels will support X's "super app" strategy and are designed to scale with additional financial products. X Money plans to enter limited testing in May 2025, expanding to external testing in March 2026. X has obtained money transfer licenses in over 40 states in the U.S. and is registered with FinCEN to support platform peer-to-peer payments. The announcement did not mention support for cryptocurrencies or stablecoins.

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