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XReadies In-App Investing and Trading Ahead of Visa-Backed Wallet Launch

The move advances Musk’s vision by merging social media with financial services into a single ‘everything app.’

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Overview

  • X CEO Linda Yaccarino said users will soon be able to make investments and trades directly on the platform.
  • X partnered with Visa to develop X Money, a digital wallet and peer-to-peer payment service set to debut in the U.S. later this year.
  • The company has secured money transmitter licenses in 41 states and is exploring an X-branded credit or debit card to broaden its fintech offerings.
  • Regulatory compliance remains a key challenge as X navigates anti–money laundering safeguards and financial licensing requirements.
  • X has recovered most of its ad base since Musk’s 2022 acquisition, with 96 percent of pre-acquisition advertisers returning amid lingering brand-safety concerns.