X Money Rolls Out With Rent and Transfer Features to Premium Plus Subscribers

X Money, the financial services feature being rolled out by X (formerly Twitter), has begun testing with a subset of Premium Plus subscribers. The initial launch offers three primary functions: rent payments, standard bank transfers, and peer-to-peer money transfers.

The interface appears designed to streamline everyday transactions directly within the X ecosystem, positioning the feature as a convenience tool for its highest-tier paying users.

Benji Taylor, head of design at X, made the announcement through a promotional video showcasing the app's core capabilities. Notably absent from the initial feature set is any mention of cryptocurrency support, despite Taylor's background in crypto wallet development with Los Feliz Engineering and the self-custodial crypto wallet 'Family'.

The decision to initially exclude crypto features may reflect regulatory considerations or a phased rollout strategy. Many financial apps have faced scrutiny from regulators regarding cryptocurrency integration, particularly concerning consumer protection and anti-money laundering compliance.