According to TechFlow, on March 8th, crypto KOL AB Kuai.Dong disclosed the X Money account opening process, which currently only requires entering a name, Social Security number (similar to an ID card number), and residential address to successfully open an account. Security verification is completed using Apple's facial recognition or a PIN code, and the entire process takes less than one minute.
It is understood that in addition to the virtual debit card, X Money will also have a physical savings card, which can be used for cash withdrawals and daily card payments via ATMs. The limit for a single bank transfer is $1 million, and the limit for withdrawals is $100,000.
