Cross River, a crypto-friendly banking-as-a-service provider, will supply the banking infrastructure behind X Money, according to Cointelegraph. The setup will support peer-to-peer payments, FDIC-insured interest-bearing accounts, and Visa debit card services. Cross River’s banking platform and payment rails are also intended to back X’s broader “super app” push, with room to add more financial products over time.
X Money entered limited testing in May 2025 and expanded to external testing in March 2026. X has also secured money transmitter licenses in more than 40 U.S. states and registered with the Financial Crimes Enforcement Network, or FinCEN, to support peer-to-peer payments on the platform. The announcement did not mention support for cryptocurrencies or stablecoins.
Cross River will provide the banking infrastructure for X Money, according to Cointelegraph.
The crypto-friendly banking-as-a-service provider will support peer-to-peer payments, FDIC-insured interest-bearing accounts, and Visa debit card services through its banking platform and payment rails. The setup is also meant to support X’s “super app” strategy, with the framework built to expand into additional financial products over time.
X Money entered limited testing in May 2025 and expanded to external testing in March 2026. X has obtained money transmitter licenses in more than 40 U.S. states and is registered with the Financial Crimes Enforcement Network, or FinCEN, to support peer-to-peer payments on the platform.
The announcement did not mention any support for cryptocurrencies or stablecoins.
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