X.com continues to evolve under Elon Musk's leadership. The platform is set to launch its payment service, with Visa as its first partner.
Since acquiring the social network in 2022, Musk has repeatedly expressed his desire to transform it into an "everything app," similar to Chinese super-apps like WeChat. These platforms offer a variety of services in one place, including food delivery, messaging, billing, and e-commerce. Financial services are essential to these super-apps, as they enable the execution of all these functionalities.
This marks a crucial step for X.com, with recent indications suggesting that the rollout of such a service is imminent. Linda Yaccarino, the CEO of the former Twitter, announced that X Money would be available this year with Visa, the largest credit card network in the United States. Visa will allow X.com users to transfer funds between their traditional bank accounts and their integrated digital wallets, as well as make instant peer-to-peer payments. The launch is expected in the first quarter, with potential agreements with other financial partners likely.
