X Announces First Features of Its Financial Service

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Coinspaidmedia2025/01/29 21:44

By:Coinspaidmedia

X unveiled a partnership with Visa to enhance the financial capabilities of its upcoming X Money service. This marks the first step in transforming the platform into an Everything App.

X Announces First Features of Its Financial Service image 0

Linda Yaccarino, CEO of X, announced the collaboration with Visa and confirmed that X Money will launch by the end of 2025. Initially, X Money will provide a digital wallet and P2P payment options.

As part of the partnership, X Money accounts will integrate with the Visa Direct network, enabling users to:

fund X Wallet using bank cards;
link X Wallet to a debit card for P2P transactions;
instantly withdraw funds to a bank account.

Visa representatives confirmed their cooperation with X.

Elon Musk previously stated his vision for X to introduce financial features by the end of 2024, aiming to replace traditional bank accounts. Reports from 2023 suggested that X Money was originally designed with potential cryptocurrency integration in mind.

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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