Elon Musk's X Teams Up with Visa to Launch Digital Wallet and Payment Service

The X Money platform aims to introduce peer-to-peer payments and instant bank transfers as part of Musk's vision for an 'everything app.'

X CEO Linda Yaccarino announced a partnership with Visa to power the upcoming X Money service, enabling peer-to-peer payments and instant transfers via Visa Direct.
Users will be able to link their debit cards to fund X Wallets, make payments to other users, and transfer funds to bank accounts in real-time.
X Money is expected to launch in the U.S. later this year, though specific dates and state availability remain unconfirmed.
The initiative is part of Elon Musk's broader goal to transform X into a super app similar to China's WeChat, integrating financial services with social media functionalities.
X Payments LLC has secured money transmitter licenses in 41 U.S. states, positioning the platform to expand its financial capabilities further.