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Elon Musk’s X Launches Digital Wallet and Peer-to-Peer Payments in Partnership with Visa

X Expands into Fintech with the Introduction of “X Money Account”

Elon Musk’s social media platform, X, formerly known as Twitter, has taken a major step into the financial technology sector by launching its own digital wallet and peer-to-peer payment services. The initiative, announced on Tuesday, is made possible through a partnership with Visa, the world’s largest credit card network.

The new service, named the “X Money Account,” will allow users to transfer funds between traditional bank accounts and their digital wallets, as well as make instant transactions—similar to existing services like Zelle and Venmo.

A Major Leap Toward Musk’s Vision for X

Elon Musk has long expressed his ambition to transform X into an “everything app”, integrating social networking with financial services, shopping, and even artificial intelligence tools. The launch of X Money Account is a significant step in this direction, positioning the platform as a major player in social commerce and digital payments.

X CEO Linda Yaccarino confirmed the partnership with Visa in a post on the platform, emphasizing that the service would provide users with a seamless way to manage their finances and send money directly within X’s ecosystem.

How X Money Account Works

  • Users can link their traditional bank accounts to their X Money Account.
  • Funds can be transferred to and from the digital wallet, allowing for secure transactions.
  • Peer-to-peer payments will be instant, making it easy for users to send and receive money, similar to apps like PayPal, Zelle, and Venmo.
  • Visa’s involvement ensures global accessibility, as users may eventually be able to spend directly using Visa’s payment network.

The Growing Role of Digital Payments in Social Media

X’s move into financial services aligns with a broader trend of social media platforms integrating payment solutions. Apps like Meta’s WhatsApp Pay and Snapchat’s Snapcash have previously introduced similar features, but X’s partnership with Visa could provide it with a competitive edge.

By allowing users to conduct financial transactions without leaving the app, X is enhancing user engagement while potentially generating new revenue streams beyond advertising.

Future Implications and Expansion

Industry experts predict that the X Money Account could evolve beyond peer-to-peer payments, eventually supporting cryptocurrency transactions, business payments, and even stock trading—aligning with Musk’s vision of a “financial super app”.

With Visa on board, X is well-positioned to compete in the digital payments space, and if the feature gains widespread adoption, it could redefine how financial transactions occur within social media platforms.

For now, X users can look forward to a more integrated, finance-friendly experience, signaling the platform’s rapid transformation from a microblogging site into a multi-functional digital ecosystem.