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Elon Musk reposted a tweet stating that X Money will cease paying interest to New York customers from October 1, 2026, with the annualized yield dropping to 0.00%. This decision follows a notification from the New York State Department of Financial Services that it is prohibited from paying interest on stored value accounts in the state.
Elon Musk retweeted a post stating that X Money will cease paying interest to New York customers starting October 1, 2026, with the annualized yield dropping to 0.00%. This is due to notification from the New York State Department of Financial Services that it may not pay interest on stored value accounts in the state. X is working to resolve this issue.
Source：X@elonmusk · Source Link
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