X Money Partners with Ripple-Linked Bank for Fast Cross-Border Payments

X Money, a payment system developed by Elon Musk's platform, has partnered with Cross River Bank to facilitate fast and secure international transactions. The partnership enables users to send money across borders in real-time, reducing the need for traditional payment systems that often result in lengthy delays.

Cross River Bank, a financial institution known for its early adoption of Ripple technology, has integrated the protocol into its system since 2014. This integration allows for near-real-time settlement of certain international transfers, making it an attractive option for banks and payment companies looking to streamline their cross-border transactions.

The partnership between X Money and Cross River Bank connects the social platform's financial plans with existing blockchain-based payment systems, potentially enabling X to build a robust payment infrastructure that supports both domestic and international transactions.