Elon Musk‘s X, formerly known as Twitter, has taken a significant step towards its “everything app” vision by partnering with Visa to power its upcoming digital wallet, X Money.
X Money will leverage Visa Direct, enabling users to seamlessly fund their wallets and make real-time payments. This integration marks a crucial milestone for X, positioning it to compete with established players like Venmo, Cash App, and Zelle in the digital payments space.
The platform aims to empower creators by providing a direct channel to receive payments for their content and manage their earnings within the X ecosystem.
While the initial launch will focus on traditional financial transactions, speculation continues to swirl around potential cryptocurrency integration, a long-held ambition of Elon Musk.
X Money is expected to launch in the first quarter of this year, subject to regulatory approvals.
Image Credit: Pixabay
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