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I just saw this, X Money has just launched a super simple registration process. You only need to fill in your name, ID number, and address, and for security verification, you can use Apple's facial recognition or a PIN code, all completed in less than a minute. It sounds quite convenient compared to the cumbersome processes before.
The cool thing is, it’s not just an virtual card, but also has a physical savings card. You can withdraw cash at regular ATMs or use it for daily payments. Regarding limits, each bank transfer can be up to 1 million USD, and cash withdrawals are limited to 100,000 USD per transaction. Compared to other debit card products on the market, these numbers are quite competitive.
But I’m curious about how many people will actually use it instead of traditional methods. What do you think?