Cross River Provides Banking Infrastructure for X Money P2P Payments

According to Cointelegraph, on July 28, crypto-friendly banking-as-a-service provider Cross River partnered with X Money to offer P2P payments, FDIC-insured savings accounts, and Visa debit card services. The infrastructure supports X's "super app" strategy and is designed to scale additional financial products over time. X has obtained money transmission licenses in over 40 U.S. states and is registered with FinCEN for peer-to-peer payment operations.
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