X Partners With Visa for Digital Wallet & P2P Payments
X Partners With Visa for Digital Wallet & P2P Payments

X Partners With Visa for Digital Wallet & P2P Payments

quickutilities –  Moving closer to its goal of becoming an all-in-one platform. X has partnered with Visa to introduce its new digital payment service, X Money. This collaboration aims to integrate a digital wallet and peer-to-peer payments within the X app, enhancing the platform’s fintech capabilities.

X CEO Linda Yaccarino confirmed that X Money will roll out later this year, with Visa as its first official partner. Once launched, users will be able to make instant bank transfers and link their Visa debit cards for seamless transactions.

The partnership signals X’s ambition to expand beyond microblogging and social networking into financial services. Offering users an integrated experience for payments and transactions within the app. Visa’s global network supports X Money. Enabling it to compete with established digital payment platforms and offer more convenient transactions for millions of users worldwide.

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X Expands Digital Wallet Capabilities With Visa Direct Integration

X is taking another major step toward its vision of becoming an all-in-one platform by integrating Visa Direct into its upcoming digital payment service, X Money. This partnership will allow users to instantly load funds into their X Money wallets. Transfer money back to their bank accounts, and make seamless peer-to-peer payments using Visa debit cards.

Visa confirmed that U.S. X Money users will be able to fund and transfer money in real time using Visa Direct. Leading solution for instant transactions. The move positions X Money as a direct competitor to established services like Venmo, Cash App, and Zelle. Giving users an alternative for fast and secure digital transactions.

X CEO Linda Yaccarino emphasized that this Visa partnership is just the first of many major updates for X Money in 2025. The company plans to announce more features and enhancements in the coming months as it expands its financial services.

Expands Financial Services and Video Capabilities in 2025

Elon Musk’s vision for X as an all-in-one platform is rapidly taking shape. Since acquiring Twitter in 2022, he has consistently emphasized integrating financial services into the platform. Moreover, his vision for X as an all-in-one app continues to take shape. Now, X Money is set to debut in early 2025, initially focusing on creator payments. Additionally, this launch marks a significant step in X’s expansion into financial services. This feature will allow content creators to store and manage earnings directly on X, eliminating the need for third-party payment processors.

To support this expansion, X Payments, a subsidiary of X, has secured payment service provider licenses in 41 U.S. states. The company continues to apply for additional approvals, aiming to establish a fully functional digital wallet system.

Beyond financial services, X is also enhancing its video experience to compete with TikTok. The platform has introduced a dedicated Play Button for vertical short-form videos, making it easier for users to engage with trending content. As TikTok faces regulatory scrutiny in the U.S., X is positioning itself as a viable alternative in the short-video space.

With these advancements, X is transforming into a true everything app, combining social media, digital payments, and video entertainment into a single platform. More updates on X Money and other features are expected in the coming months.