Cross River Bank provides API-based payments, cards, lending and crypto infrastructure to fintechs, based in Fort Lee, NJ; current focus on enabling X Money rollout for user-to-user transfers.
X Money has launched for US Premium and Premium+ subscribers, offering 6% APY on deposits and 3% cashback. Real-time transfers within X and an X-branded Visa card are available, but several markets lack money transmitter licenses and transfers face limitations, prompting questions about adoption as the broader payments ecosystem evolves.