X Rolls Out X Money with Cross River Bank, Raising Speculation on Future XRP Integration

X, the social media platform owned by Elon Musk, has started rolling out X Money to select Premium+ users. The new payments service relies on Cross River Bank for its core banking infrastructure.

Cross River Bank is a Ripple banking partner that has worked with the company since 2014. It serves as the primary banking partner behind X Money, supporting payment processing, card issuance, and the X Cash Sweep Program, which provides up to $10 million in FDIC insurance for eligible balances.

The rollout of X Money introduces a digital wallet and payment service that allows eligible Premium+ users to send peer-to-peer payments, access a Visa debit card, and earn yield on cash balances through the platform. However, the service currently operates through conventional banking systems despite Elon Musk's previous indication that crypto features could eventually become part of the platform's financial services.

Ripple has continued promoting its payment infrastructure and regulatory efforts in the U.S., deploying a mobile advertising truck around the U.S. Capitol to urge lawmakers to pass the CLARITY Act. The proposed legislation would establish clearer rules for digital assets, strengthen consumer protections, encourage responsible innovation, and help the United States remain competitive in the digital asset industry.

XRP traders are monitoring key technical support, with analyst Ali Martinez citing UTXO Realized Price Distribution data showing that more than 830 million XRP previously changed hands around the $1.06 level, making it an important support area.