ELON MUSK’S X cooperated with VISA to develop the “X Money”, a financial service designed to provide direct payment options and digital wallet integration to the platform users. According to a Reuters report, this shows another step in the mask’s efforts to change X into multifunctional “all apps.”
This partnership brings many convenient financial functions to X users. Through Visa Direct, they will immediately provide the X digital wallet and access money quickly. In addition, users can link debit cards and make it possible to pay smoothly for everyday transactions.
In addition, it is easier to transfer funds directly to bank accounts, making it a versatile tool for seamlessly managing finances in the platform.
“VISA is the first partner of the X Money account. Customers say that customers can quickly fund X -wallet and connect debit cards to pierced pears, and customers from X Money. We will get the option to transfer money immediately to the bank account, “Reuters reported.
Commenting on the release, X CEO’s Linda Yaccarino said in the post,
“Another milestone in all apps: @visa is the first partner of @xmoney
Account, this will debut in the second half of this year. Allows connects to a debit card that allows P2P payments for safe +instant funds to X wallet via Visa Direct. “
Another milestone of all apps: @visa is the first partner of the@Xmoney account and will debut in the second half this year.
Allows for safe +instant funds to X wallet via Visa Direct
Connect to a debit card that allows you to pay DEBIT P2P
Dime immediately options …
-Linda Yaccarino (@Lindayax) January 28, 2025
This service is scheduled to be released in late 2025 and provides features similar to popular financial platforms such as Venmo and Zelle.
Push to “All App” vision
Since the acquisition of Twitter in 2022 and re -branded X, MUSK has expressed a plan to build a super app similar to WeChat, an all -in -one platform that is widely used in China. MUSK has functions such as payment, messaging, social networking, etc., and assumes that X becomes a central hub for a wide range of user needs.
“2025 X connects you in a way that you could never think of. XTV, X Money, GROK, etc.” Yaccarino wrote in last month’s post and tied the extended service suite.
Visa as a key partner
VISA will function as the first partner of the X -Money Account, so that customers can quickly provide funds in their wallets so that they can link their debit cards to pay the peer -to -pier. Users also have the option to transfer funds directly to bank accounts in real time.
This movement is to place X directly competed with established payment players such as PayPal, Block’s Cash App, Apple Pay, Google Pay. VISA, along with rivals like MasterCard, has doubled the digital payment, a market that has grown significantly since Pandemic has accelerated online recruitment and convenient financial solutions.
Super app desire
The ambition of the mask to convert X into a super app is not a new one. He first implied this vision when Twitter was changed to X in 2023 and aimed to create “all apps.” In China, weChat functions as a typical example of this model, and MUSK aims to reproduce international success.
As reported in June 2024, X secured a license in 28 US states and led to its basics of its vision. With a plan to expand globally, the company first focuses on converting platforms into full -fledged financial apps, like Wechat in China.
X is not alone. High -tech companies around the world tried to build similar platforms, but their success was unbearable outside of Asia. MUSK’s vision for X is to ultimately crack the code and summarize social networking, entertainment, and financial services under one roof.
With X Money, MUSK has taken another bold step in order to redefine financial tools on social media platforms and how people interact. The collaboration with VISA indicates that the conventional payment network is valuable when cooperating with high -tech giants to compete in the evolving market.
The launch of the X -Money is the platform as the ambitious vision of creating a one -stop app for modern digital life approaches.
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