Musk’s X Partners With Visa to Advance “Everything App” Vision

• Linda Yaccarino, CEO of X posted on the platform about partnering with Visa of XMoney. 
• Everything app takes one step forward with real-time payments & instant funding. 
• XMoney Account enables P2P payments, bank transfers, and monetization within the app.

The Everything app is in the development stages intending to become a mobile app with multiple services in one place. WeChat is a Chinese app that allows users to chat, shop, pay bills, and book doctor’s appointments considered one of the first everything apps. 

Elon Musk has expressed interest in creating an “everything app” that’s similar to WeChat and suggested X could be the basis of it.

X CEO’s Post About Visa Partnership

Linda Yaccarino, CEO of X, shared that the development of the “everything app” has made a significant achievement. By partnering with Visa as their first payment partner, it will enhance users’ interaction with finances on their platform. Further, she mentioned key features including a secure and instant funding to users X Wallet via Visa Direct, the ability to connect to users’ debit cards to make P2P payments, and the option to instantly transfer funds to their bank accounts.

In a separate post on X, Visa confirmed that these services will operate through Visa Direct, the company’s instant fund transfer solution. Initially, XMoney will be available for users in the US, however, it remains uncertain, if it will expand internationally. 

Linda also emphasized that this is the just beginning of the many big announcements about XMoney this year. Her statement emphasizes that XMoney is going to be a grand launch, shaping the future. 

Elon’s “Everything App” Aspirations

Ever since acquiring X (formerly Twitter) Musk has ambitious plans for X, making it a super app, by integrating multiple services. Musk’s aspiration to develop an all-in-one app has been there since he founded X.com which later became Paypal. But then CEO Peter Thiel did not accept this plan.

Elon Musk’s net worth was nearly 80% less than when he bought X. Despite setbacks, Musk’s plan for X remains high-reaching including integrating payments, communication, and fund transfers. 

Related: Bitcoin:Celebrating 16 Years of Revolutionizing Finance

With the technology advancing every day, users are anticipating more features and partnerships further integrating financial services into the app. When launched, XMoney will compete with popular players in the industry like PayPal, Apple Pay, and Google Pay. 

However, there are that XMoney can stand out from the crowd by integrating content creation & financial tools. Its success, will although, depend on gaining the user’s trust through ensuring security and offering all the functionalities that rivals are offering. 

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