The service, known as X Money, is not a new bank. X Money is using technology and banking services provided by Cross River Bank, and branding that backbone as X Money. Currently X Money is invite only, and users will receive a “X”-branded Visa debit card that is useable at any ATM. AdvertisementUsers of X will be able to send money to other X users in real-time, the company said. AdvertisementMusk has his origins in financial services, creating one of the first online banks under the brand X.com.