Sep. 1 at 10:08 PM
$PYPL So, you thought PayPal had challenges. Musk may want to buy a worldwide payment option that makes money instead of fighting regulators in 150 countries.
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New York’s financial regulator (NYDFS) has informed X, owned by Elon Musk, of its inability to pay interest on X money balances belonging to New York customers. NYDFS went on to say that the yield on such accounts will drop to 0.00% on October 1, 2026.
The announcement yanks one of X’s major perks from its users in what many would consider the largest financial market in America, barely weeks after X Money was launched across the country.
https://cryptonews.net/news/market/33384061/