Elon Musk's X begins its push into financial services with Visa deal
Source: CNBC
Elon Musk’s social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa
X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account, CEO Linda Yaccarino announced in a post on the platform.
She said Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like with Zelle or Venmo.
It’s the first concrete move from X to create a financial ecosystem for the social media site, which was called Twitter before Musk purchased it in 2022. At the time, Musk said the $44 billion acquisition was a way to create an “everything app.” He later said the platform would enable users to conduct their “entire financial world” on it.
Read more: https://www.cnbc.com/2025/01/28/elon-musk-x-visa-digital-wallet.html
what it is calling the X Money Account
Next up, X Money will be branch into Crypto -
I'm the world's richest man, your Crypto is safe with me.
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