TechFlow reports that, on March 8, according to the X Money account-opening process disclosed by crypto KOL AB Kuai.Dong on X, users currently only need to enter their name, Social Security Number (similar to a national ID number), and residential address to successfully open an account. Security verification is completed via Apple Face ID or a PIN code, with the entire process taking less than one minute.
It is reported that, in addition to offering a virtual debit card, X Money will also provide a physical savings card, enabling cash withdrawals from ATMs and everyday point-of-sale transactions. The per-transaction limit for bank transfers into the account is $1 million, while the daily withdrawal limit is $100,000.
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