X Partners with Visa to Launch Digital Wallet and P2P Payment Services in 2025

X, Elon Musk’s social media platform, has announced a groundbreaking partnership with Visa to launch a comprehensive digital wallet and peer-to-peer payment system. CEO Linda Yaccarino revealed the collaboration through a platform announcement, marking a significant step in X’s evolution beyond traditional social media.

The new X Money Account will enable users to transfer funds between bank accounts and digital wallets while facilitating instant peer-to-peer transactions, similar to established services like Venmo and Zelle. This development represents X’s first major initiative to transform the former Twitter platform since Musk’s $44 billion acquisition in 2022.

“This marks a crucial step toward realizing Musk’s vision of X as an ‘everything app’,” notes Yaccarino in her announcement. The platform aims to create a comprehensive financial ecosystem where users can manage their entire financial portfolio within the social media environment.

The launch follows more than a year of regulatory preparation, with X Payments LLC securing licenses in 41 states and registration with the Financial Crimes Enforcement Network (FinCEN). This regulatory compliance positions X to operate as a legitimate money service business in the United States.

X Money will initially focus on empowering content creators to accept payments and manage funds directly through the platform. This feature builds upon Twitter’s previous Bitcoin tipping functionality, introduced under Jack Dorsey’s leadership in 2021.

Looking ahead, Musk has indicated potential expansion into banking services, including high-yield money market accounts. This ambitious roadmap aligns with X’s strategy to integrate financial services seamlessly into the social media experience, potentially revolutionizing how users interact with both their social and financial networks.

The partnership with Visa, the largest credit card network in the United States, lends significant credibility to X’s financial services initiative and suggests a commitment to building a secure and reliable payment infrastructure.


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