X Money account opening only requires name, residential address, etc., and security verification relies on facial recognition or PIN code

According to the X Money account opening process disclosed by crypto KOL AB Kuai.Dong, currently, you only need to enter your name, Social Security number (similar to an ID number), and residential address to successfully open an account. The security verification is completed using Apple Face ID or a PIN code, and the entire process takes less than 1 minute.

It is reported that in addition to virtual debit cards, X Money will also offer physical savings cards, which can be used for cash withdrawals at ATMs and for everyday card purchases. The limit for a single bank transfer is $1 million, and the withdrawal limit is $100,000.