X expands its range of services with official launch Of XMoneypreviously only available in beta and by invitation only. The service, for the moment, is accessible in United States (but only in 41 states) and is available only on iPhone and only for subscription users Premium or Premium+.
What X Money can do
X Money makes available to users a single platform which combines cdeposit account, peer-to-peer payments and a Visa debit card, available in virtual version, with the possibility of combining it with Apple Wallet to make payments even easier. In the near future, there will also be the debut of a version for Android.
Users have the option to request a physical metal cardto which a series of customizations can be applied. For users Premium+ there is a possibility of getting a yield on the liquidity deposited up to 6%.
This return is also accessible to Premium users but only by respecting certain deposit requirements. It should also be noted that X Money guarantees the 3% cashback on qualifying purchases. User deposits are held at the Cross River Bankmember of the FDIC, which has a similar function to the Italian Interbank Deposit Protection Fund.
For all the details on the service you can take a look to the official website. X Money features and bonuses are reserved for the American market. A possible European debut and, in particular, in Italy could transform the service, in line with the characteristics of our market.
