He explained that the metal card linked to the payment service offers 3% cashback on all purchases, mirroring the benefits typically found in premium financial apps like Robinhood Gold. Another attractive feature of the new X Money platform is its integrated direct deposit feature.
Kale emphasized that direct deposit support allows users to funnel their traditional paychecks into their accounts, while earnings from X can be deposited directly into the system. According to him, everything settles into one unified account where the money immediately begins earning the 6% APY and another 3% through cashback rewards when spending occurs.
Dogecoin Absent From X Money Despite Years Of SpeculationAmid all the excitement surrounding X Money’s incentives and lucrative features, one major player has been conspicuously absent from the platform. Dogecoin, the cryptocurrency that Musk has long championed and incorporated into various ventures, appears to have no role in X Money’s initial design, as of writing.
