X has inked a partnership with Visa as the Elon Musk-owned social media platform seeks to become an “everything” app that offers peer-to-peer payments and other capabilities.
“Another milestone for the Everything App: @Visa is our first partner for the @XMoney Account, which will debut later this year,” X CEO Linda Yaccarino said Tuesday.
According to the social media platform’s CEO, X Money Accounts will support “secure + instant” funding to X Wallets using Visa Direct, Visa’s digital payment network.
When the X Money Account service launches later in the year, Yaccarino said users will also have the ability to do peer-to-peer payments by connecting their debit cards.
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Transfers of funds directly to users’ bank accounts will be available through the partnership with Visa as well, her post said.
The financial services companysaid on X that it was “excited to partner with @XMoney on …