US EditionElon 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 wallets instantly through Visa Direct and connect debit cards for peer-to-peer payments.
- The X Money Account will enable users to transfer funds to their bank accounts instantly, with the service expected to go live later this year.
- Linda Yaccarino, CEO of X, stated that this is the first of many announcements regarding X Money this year, aiming to compete with established digital payment services.
- Despite being owned by Elon Musk, X is facing challenges with stagnant user growth and unimpressive revenue, according to Musk's statements.
157 Articles
157 Articles
The payment platform of the social network X, owned by Elon Musk, will arrive in 2025 and seeks to change the rules of the game thanks to its union with Visa.
Elon Musk’s X.com to Provide Financial Services, Digital Wallet
Musk’s X Money aims to reshape online payments with Visa. Credit: NORAD and USNORTHCOM Public Affairs / Public Domain Elon Musk’s social media company, X.com, has partnered with Visa to introduce a new financial services and digital payment system called “X Money.” X CEO Linda Yaccarino announced the initiative on Tuesday, January 28, calling it an “everything app” set to launch later this year. Visa’s network will facilitate immediate money tra…
X has reached an agreement with Visa, which will become the first partner for what will be called the X Money Account, announced the platform's CEO, Linda Yaccarino, in a post on the platform.She specified that Visa will allow X users to transfer funds between traditional bank accounts and their digital wallet, as well as make instant direct payments, just like Zelle or Venmo. This is the first concrete move by Platform X to create a financial e…
Elon Musk's X to soon launch its 'X Money' digital wallet
Since Elon Musk took over the social media platform X, he has implemented numerous changes, and this transformation is still underway. Every day, Musk is working towards turning X into an all-encompassing app, and he has just made a significant move in that direction. The company is set to introduce financial services on the X platform, having recently announced a partnership with Visa. Following this partnership announcement, there is growing o…
Elon Musk's X partners with Visa on payment service in effort to become 'everything app'
X is teaming up with Visa to soon offer a system for real-time payments on the social media platform - signaling some progress in a yearslong vision from billionaire owner Elon Musk to create an “everything app.”
The first step towards a mega-app like Wechat? The long-announced money transfer service on platform X is set to launch at least in the USA. Visa is on board.
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