Elon Musk’s social media company X, formerly known as Twitter, has partnered with global payments leader Visa to introduce a new digital payments tool, marking a significant step in Musk’s vision for X as an “everything app.”
In a post on X, CEO Linda Yaccarino unveiled the forthcoming launch of the X Money account, which she described as an all-encompassing digital wallet. Set to debut later this year, the wallet will feature instant funding via Visa Direct, Visa’s cross-border payments infrastructure, and enable peer-to-peer transactions using debit cards.
“This is the first of many big announcements about X Money this year,” Yaccarino said, emphasizing the company’s commitment to revolutionizing payments.
Visa confirmed the partnership in a separate post on X, highlighting the capabilities of Visa Direct. The system will allow U.S.-based X Money users to transfer funds in real time using their debit cards. Visa’s spokesperson deferred additional comments, referring to the company’s official statement on X.
Elon Musk, who acquired Twitter in 2022 and rebranded it as X, has been gradually transforming the platform into a multifaceted application. As part of this initiative, X has been securing money transmitter licenses across the U.S., paving the way for the nationwide rollout of its payment solutions.
This collaboration with Visa underscores Musk’s ambition to integrate financial technology into X, solidifying its position as a leading force in the digital payments space. The move also aligns with Musk’s broader efforts to reshape the platform as a hub for communication, commerce, and now, financial services.
