X Money launches with deposit and yield features, drawing comparisons to BNPL providers
X Money, the new payments feature on X, has gone live with users reporting deposit processing and 4-6% yield on balances. Commentary suggests X Money's low fees are putting pressure on high-fee BNPL providers like Klarna and Affirm, and speculation is emerging about whether Ripple USD (RLUSD) will be available on the platform.
Detected & updated continuously · Source: Nebula
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@GenXRP45
How is everyone liking the new "X Money" feature? I finally got mine set up this morning. Is it easy to send and receive $$? I like the fact that you can earn 6%-4% on your money. 💰 🤑 💸
@joehansen
XMoney just made 5–6% BNPL fees look ridiculous Why @XMoney is starting to put real pressure on high-fee BNPL providers like Klarna, Affirm, Afterpay and the rest. @benjitaylor Online merchants still bleed money on BNPL(Buy Now, Pay Later.) Typical take rates: ➤ Klarna: https://t.co/f4drCiz2R5
@liorsela
X Money cleared my $1,000 deposit from August 3rd. Exactly, on the minute, 8 days after submitting the transfer in. I’m going to submit another transfer in and see if the transfer time becomes faster… https://t.co/utWYGTY2QY
@doodlifts
Doodlifts on all platforms, including @XMoney https://t.co/ROzxrLXaFL
@Utoday_en
Will $RLUSD end up being available on X Money? https://t.co/gNE0iBMYT1