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The banking-as-a-service provider will power X Money\u2019s peer-to-peer payments, FDIC-insured accounts and Visa debit cards as the platform expands its financial services.<\/p>\n
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.<\/p>\n
The company said its banking platform and payment rails will power the service as X continues its push to become an \u201ceverything app<\/a>,\u201d with infrastructure designed to support additional financial products and services over time.<\/p>\n Cross River provides embedded financial infrastructure for payments, cards, lending and cryptocurrency services to fintech and technology<\/a> companies through its regulated banking platform and payment rails. The announcement did not mention support for cryptocurrencies or stablecoins.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n