Elon Musk Launches X Money to Rival PayPal

Elon Musk, a co-founder of PayPal, is launching X Money, a new financial service offering a high 6% interest rate, aiming to disrupt the payment industry.

16 Apr, 15:54 — 16 Apr, 15:54

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marketwatchMostly Factual140d ago

Elon Musk was pushed out at PayPal. Now he’s launching a rival that could ‘disrupt’ it.

Musk has a broader reach than PayPal, analysts say, and his X Money is offering a high 6% interest rate to attract users.

By William Gavin

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Elon Musk Launches X Money to Rival PayPal

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Elon Musk was pushed out at PayPal. Now he’s launching a rival that could ‘disrupt’ it.

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