X, the social media platform formerly known as Twitter, is collaborating with Visa to integrate financial services into its platform. Users will soon be able to send and receive money, link their debit cards, and transfer funds to bank accounts directly through X Money Accounts.
X, the social media platform formerly known as Twitter and owned by Elon Musk, has announced a partnership with Visa to integrate peer-to-peer payments and other financial services into its platform. Linda Yaccarino, CEO of X, revealed the partnership on Tuesday, stating that X Money Accounts, set to launch later this year, will allow users to securely and instantly fund their X Wallets using Visa Direct, Visa 's digital payment network.
\Users will also be able to initiate peer-to-peer payments by linking their debit cards to their X Money Accounts. Furthermore, the partnership will enable direct transfers of funds from X Money Accounts to users' bank accounts. Visa expressed its enthusiasm for the collaboration, stating that it was 'excited to partner with @XMoney on the launch of X Money Account.' \Yaccarino indicated that this partnership with Visa is the first of many significant announcements regarding X Money in 2025. Musk has long envisioned X as an 'everything' app, encompassing a wide range of functionalities beyond traditional social media. Since acquiring the platform over two years ago, Musk has implemented features like audio and video calling, job searching and posting capabilities, and an AI chatbot called Grok. The integration of payment features aligns with Musk's ambition to transform X into a platform that caters to all aspects of users' financial lives
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