Core Viewpoint - The X Money payments service, promoted by actor William Shatner, utilizes fiat money backed by a real bank and is not related to cryptocurrency [1][2]. Group 1: Service Details - X Money deposits are held in US dollars at Cross River Bank and are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per individual [2]. - The service is part of Elon Musk's vision for an "everything app," with a beta rollout currently in progress [3]. Group 2: Promotion and Charity - William Shatner is endorsing X Money primarily to raise funds for his charity, rather than being a promotional figure for the service [3]. - Musk has made an undisclosed donation to Shatner's charity, referred to as "Elon dollars" by the actor [4].
William Shatner Has More 'Elon Dollars' Courtesy of Musk — But Makes It Clear X Money Is Fiat, Not Crypto
Benzinga·2026-03-09 03:16