Elon Musk’s vision of turning X into the West’s ‘everything app’ is taking a major step forward with the launch of X Money later this year.
Just as WeChat in China integrates messaging, social media, and payments, X aims to offer a similar all-in-one experience.
The official X Money account has described the service as being designed “for all your money moves.”
Meanwhile, X CEO Linda Yaccarino has announced that Visa is the first official partner for the X Money Account, signaling a significant move into financial services.
With this account, users will be able to add money instantly and securely via Visa Direct, connect it to their debit cards for peer-to-peer payments, and even transfer money directly to their bank accounts.
These features could position X Money as a major competitor to PayPal, Venmo, and Cash App.
The service is expected to launch first in the US, but its expansion will depend on navigating complex financial regulations across different countries. Some features may not be available in certain regions due to legal and compliance restrictions.
Yaccarino has hinted that the Visa partnership is just the first of many big announcements for X Money in 2025. With Musk’s push to transform X into a multi-functional platform, it will be interesting to see what other financial features are in store.
Follow on Google News
Leave a comment