Elon Musk's dream of digital payments for X users takes shape with Visa partnership

Elon Musk's vision to provide X users with digital wallets is beginning to take shape, as the social media platform's CEO, Linda Yaccarino, announced a partnership with Visa on Tuesday.

"Another milestone for the Everything App: Visa is our first partner for the X Money Account, which will debut later this year," Yaccarino said in an X post , adding Visa will enable users to fund their digital wallet, transfer funds to bank accounts, and peer-to-peer payments.

The move is part of Musk's broader strategy of creating a super app akin to WeChat. Given Musk's close association with U.S. President Donald Trump, who has increasingly embraced crypto, it raises the possibility that the X Wallet could eventually allow for the storage of digital assets like bitcoin. The X platform is popular among crypto enthusiasts.

X Money will likely launch during the first quarter, according to CNBC. Visa has long been a key partner for many companies operating within the world of crypto eager to make it easier for consumers to access digital wallets.

In other Musk-crypto-related news , the billionaire and representatives of the Department of Government Efficiency, which Musk leads, recently spoke with blockchain providers to explore options for putting federal government systems on-chain, according to a Bloomberg report.