Cross River to enable P2P payments, banking services for X Money

cointelegraph2026-07-27 tarihinde yayınlandı2026-07-27 tarihinde güncellendi

Özet

Cross River Bank announced it will provide the banking infrastructure for X Money, the financial services platform being integrated into X (formerly Twitter). This partnership will enable peer-to-peer payments, FDIC-insured interest-bearing accounts, and Visa debit cards. Cross River's regulated platform and payment rails will power the service, supporting X's ambition to become an "everything app" with potential for future financial products. The announcement did not mention cryptocurrencies. Elon Musk first teased X Money in 2022, and the service entered limited beta testing in May 2025, emphasizing caution with user funds. It expanded to a limited external beta in March 2026. X has obtained necessary money transmitter licenses in over 40 U.S. states and registered with FinCEN to facilitate payments.

Cross River said Monday it will provide the banking infrastructure for X Money, the financial services platform being integrated into X, enabling peer-to-peer payments, FDIC-insured interest-bearing accounts and Visa debit cards.

The company said its banking platform and payment rails will power the service as X continues its push to become an “everything app,” with infrastructure designed to support additional financial products and services over time.

Cross River provides embedded financial infrastructure for payments, cards, lending and cryptocurrency services to fintech and technology companies through its regulated banking platform and payment rails. The announcement did not mention support for cryptocurrencies or stablecoins.

Elon Musk confirmed in May 2025 that X Money had entered limited beta testing, saying the initial rollout would be limited because “extreme care” was needed when handling users’ savings. The service expanded to a limited external beta in March 2026 ahead of a wider launch.

Musk has been teasing X Money since at least 2022, when he described his acquisition of Twitter as “an accelerant to creating X, the everything app.” Since then, X has obtained money transmitter licenses in more than 40 US states and registered with the Financial Crimes Enforcement Network to enable peer-to-peer payments on the platform.

Magazine: Peter Brandt predicts the exact day Bitcoin’s bear market will be over

Trend Kriptolar

CitreaCTR

wrapped stUSDTWSTUSDT

İlgili Sorular

QWhat banking infrastructure services will Cross River provide for X Money?

ACross River will provide its banking platform and payment rails to enable peer-to-peer payments, FDIC-insured interest-bearing accounts, and Visa debit cards for X Money.

QWhat is the stated goal for X as mentioned in relation to the X Money integration?

AThe stated goal for X is to become an 'everything app,' and the Cross River infrastructure is designed to support this by enabling additional financial products and services over time.

QAccording to the article, when did Elon Musk confirm that X Money entered limited beta testing?

AElon Musk confirmed in May 2025 that X Money had entered limited beta testing.

QWhat regulatory steps has X taken to enable peer-to-peer payments on its platform?

AX has obtained money transmitter licenses in more than 40 US states and registered with the Financial Crimes Enforcement Network (FinCEN) to enable peer-to-peer payments on the platform.

QDoes the announcement from Cross River mention support for cryptocurrencies or stablecoins for X Money?

ANo, the announcement did not mention support for cryptocurrencies or stablecoins.

İlgili Okumalar

U.S. Tax Service Details New Cryptocurrency Fraud Scheme

The U.S. Internal Revenue Service (IRS) has warned of a new cryptocurrency fraud scheme. Scammers are sending paper letters impersonating official U.S. Department of the Treasury and IRS correspondence. These letters urge Americans to urgently register on a non-existent platform called the "Digital Asset Compliance Portal." The fraudulent letters contain QR codes linking to a phishing website disguised as the official IRS site. Victims are prompted to disclose their cryptocurrency exchange or wallet provider (examples given include Coinbase, Kraken, and Ledger) and the amount of crypto assets they hold. Jarod Koopman, Chief of the IRS Criminal Investigation Division, stated that criminals are exploiting public trust in government institutions by creating convincing fake websites and official-looking correspondence. According to the investigation, the infrastructure for this scam was set up just days before the mailing campaign began, using a domain registered through a Hong Kong-based registrar. The IRS assured taxpayers that it does not require them to provide wallet information via third-party sites or to click links from suspicious messages. The agency advised Americans to verify the authenticity of any notifications through official channels, such as making a phone call. This alert follows a recent FBI warning about a separate fraudulent scheme targeting cryptocurrency wallet holders on the Tron network.

cryptonews.ru10 dk önce

U.S. Tax Service Details New Cryptocurrency Fraud Scheme

cryptonews.ru10 dk önce

Inside the Fed, Hawkish Sentiments Strengthen: Three Members Explain Why They Want an Interest Rate Hike!

Although the U.S. Federal Reserve held interest rates steady as expected in July, several officials dissented, advocating for an increase. Cleveland Fed President Beth Hammack argued that high inflation is likely persistent and won't spontaneously fall to the 2% target, warning that delays could necessitate more aggressive future hikes. Minneapolis Fed President Neel Kashkari emphasized the risk of inflation becoming entrenched, favoring a gradual tightening approach. He suggested small, preemptive steps would allow the Fed to better manage the economic impact compared to waiting and potentially needing harsher measures later. Dallas Fed President Lorie Logan also supported a rate hike, stressing the need for immediate action to address high inflation. All three officials had similarly opposed the decision to pause rate hikes at the Fed's April meeting.

cryptonews.ru50 dk önce

Inside the Fed, Hawkish Sentiments Strengthen: Three Members Explain Why They Want an Interest Rate Hike!

cryptonews.ru50 dk önce

Has Bitcoin Bottomed, or Is a 'Shakeout' Approaching? What's the Situation with XRP?

Cryptocurrency analytics platform Santiment shared key insights on Bitcoin and altcoin markets, highlighting significant signals from on-chain data. Analysis shows Bitcoin's 365-day MVRV ratio has fallen to -26%, indicating substantial losses for long-term holders, a level historically associated with market bottom formations and long-term buying opportunities. While short-term MVRV is near breakeven, suggesting no clear directional signal, the annual perspective points to a bottom before bullish cycles. On-chain data reveals divergent behavior: large wallets (10-10,000 BTC) have been accumulating, adding ~18,500 BTC in 10 days, while smaller retail investors continue buying dips. Analysts caution that high retail demand can sometimes create a risk of a final market shakeout or correction. The altcoin market shows a mixed picture. Ethereum's 365-day MVRV is around -33%, but recent monthly gains combined with overly optimistic social sentiment pose a short-term correction risk. XRP is in oversold territory with 30-day and 365-day MVRVs at -57.5% and -45.5% respectively, signaling potential for a strong mid-to-long term rebound. Social activity and optimism are rising for Solana, while investor sentiment remains calmer towards Cardano. Future direction for Bitcoin and altcoins depends not only on on-chain metrics but also on macroeconomic and regulatory developments. The Federal Reserve's interest rate decision and upcoming policy rulings are increasing market volatility expectations, while uncertainty around the U.S. Congressional clarity process continues to pressure pricing. *This is not investment advice.

cryptonews.ru1 saat önce

Has Bitcoin Bottomed, or Is a 'Shakeout' Approaching? What's the Situation with XRP?

cryptonews.ru1 saat önce

Rumors Spread About Altcoin: Former Employees Speak Out

Rumors are circulating about the Solana-based meme launchpad Pump.fun allegedly conducting employee layoffs just before significant token unlocks. According to reports, the company began terminating employees around two months before their $PUMP tokens were scheduled to vest. At least one former employee reportedly lost tokens now valued at over $1 million. Internal documents suggest Pump.fun cited overly rapid growth as a reason for layoffs starting in early April. Terminated employees were offered severance, but the major loss stemmed from forfeiting their allocated $PUMP tokens per their agreements, which stipulated a four-year vesting schedule. A second wave of layoffs reportedly occurred in mid-July, with claims that some employees were dismissed just one day before their tokens unlocked. The total number of employees let go over two months is said to exceed 40. Pump.fun co-founders have not commented. Despite an approximate 79% drop from its 2025 peak, $PUMP retains substantial value. The platform itself has been highly profitable since late 2024, generating around $1.3 billion in total revenue and facilitating the creation of over 20.8 million tokens, with daily revenue reportedly still near $1 million.

cryptonews.ru2 saat önce

Rumors Spread About Altcoin: Former Employees Speak Out

cryptonews.ru2 saat önce

Ethereum Experiences a 43-Day Queue for Staking: But According to One Expert, This Is Not a True Bull Signal

A 43-day queue has formed for staking on Ethereum, with about 2.5 million ETH awaiting activation due to a surge in new validators. However, Thomas Brunner of Sygnum Bank cautions that this backlog should not be seen as a direct bullish signal. He explains it reflects institutional demand but is heavily influenced by Ethereum's protocol mechanics, like the post-Dencun daily validator activation limit of ~57,600 ETH, unchanged with the Pectra upgrade. Pectra allows topping up existing validators, but even small additions join the same activation queue as new stakers. Therefore, the queue comprises not just new investor demand but also restaking and reward compounding from existing participants. Brunner suggests a stronger positive signal is the nearly empty withdrawal queue, indicating current stakers are holding. He notes institutional interest persists despite ETH price weakness, viewing staking yield as a core feature, though privacy concerns over on-chain traceability remain a key barrier to faster institutional adoption.

cryptonews.ru3 saat önce

Ethereum Experiences a 43-Day Queue for Staking: But According to One Expert, This Is Not a True Bull Signal

cryptonews.ru3 saat önce

İşlemler

Spot

Popüler Makaleler

RIVER Nasıl Satın Alınır

HTX.com’a hoş geldiniz! River (RIVER) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında River (RIVER) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: River (RIVER) Varlıklarınızı SaklayınRiver (RIVER) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: River (RIVER) Varlıklarınızla İşlem YapınHTX'in spot piyasasında River (RIVER) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

537 Toplam GörüntülenmeYayınlanma 2026.01.16Güncellenme 2026.06.02

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların RIVER (RIVER) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.