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Elon Musk’s X begins its push into financial services with Visa deal

  • X has partnered with Visa to launch the X Money Account service, allowing users to fund their X wallets instantly through Visa Direct.
  • Linda Yaccarino announced that the X Money Account will enable peer-to-peer payments and instant fund transfers to bank accounts.
  • Visa Direct will reach 99% of U.S. Bank accounts, enhancing real-time payment capabilities.
  • Despite challenges, Musk aims for X to become an 'Everything App' as it enters the financial services market.
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