X Money Eyes U.S. Payments, Faces Crypto Law Hurdles

TLDR Mizuho analysts said X Money could disrupt U.S. payments and pressure PayPal and Venmo. The analysts downgraded PayPal stock to a neutral rating due to competitive risks. X Money plans to launch in April as part of Elon Musk’s broader everything app strategy. New York’s proposed CRYPTO Act could complicate X Money’s future crypto [...]

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