William Shatner Has More 'Elon Dollars' Courtesy of Musk — But Makes It Clear X Money Is Fiat, Not Crypto

Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.

Actor William Shatner stated connected Sunday that the X Money payments work uses fiat wealth backed by a “real bank” and has thing to bash with cryptocurrency.

The “Star Trek” star, who has been promoting the societal media giant’s caller feature, stated the deposits are held successful dollars successful Cross River Bank and are insured by the Federal Deposit Insurance Corporation up to $250,000 per person.

Just truthful we are each clear; @XMoney is fiat not crypto. It's existent US Dollars backed by a existent slope and is FDIC insured up to $250,000.

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The clarification comes successful the aftermath of the beta rollout of the X Money diagnostic arsenic portion of Elon Musk's ambitious "everything app" vision.  Shatner previewed the work earlier successful the week, sharing screenshots of the idiosyncratic interface and different features.

Shatner said he's endorsing "X Money" lone to rise wealth for his charity, denying allegations that helium is the "poster child" of the service.

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Notably, Shatner shared that Musk donated an undisclosed magnitude to the charity, described by the histrion arsenic “Elon dollars.”

So present I person much Elon dollars owed to his generosity. Do I springiness them retired to the Round 2 donors oregon hodl (😝) them for thing other to payment my charity?

Using X Money, users tin nonstop wealth straight wrong the app. The work besides offers a carnal debit card, which tin beryllium personalized with the user’s authoritative X handle. So far, it has secured a concern with Visa Inc.

Photo Courtesy; Bryan Regan connected Shutterstock.com

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