Cross River to Enable P2P Payments, Banking Services for X Money
Cross River will provide banking-as-a-service infrastructure for X Money's expanded financial offerings.
Cross River, a banking-as-a-service provider, is set to power X Money’s peer-to-peer payment functionalities, according to a report by Cointelegraph. This collaboration aims to enhance X Money's financial service offerings.
The partnership also includes enabling FDIC-insured accounts for X Money users. This integration provides a layer of security and trust for customer deposits within the platform's ecosystem.
Furthermore, Cross River will support the issuance of Visa debit cards for X Money. This development allows X Money to offer a broader range of financial tools to its user base as it expands its services.
Original reporting
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