Elon Musk's dream of digital payments for X users takes shape with Visa partnership
Quick Take Chief Executive Officer of X, Linda Yaccarino, announced on the social media platform a partnership with Visa. Visa will enable users of “X Money” to transfer funds from digital wallets to bank accounts and peer-to-peer payments, according to Yaccarino.
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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