In an effort to monetize the social media platform, Elon Musk's X announced Tuesday it would be partnering with Visa on a digital wallet and peer-to-peer payment services for its upcoming X Money Account.
X is teaming up with Visa to soon offer a system for real-time payments on the social media platform—signaling some progress in a yearslong vision from billionaire owner Elon Musk to create an "everything app."
Elon Musk's social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa.
Elon Musk's bid to make X into the “everything app” may have gotten a bit of a boost — where the newly-announced pact with Visa is a significant “something” on the way to “everything.
Visa (V) is set to partner with social media platform X as the first financial services platform for its "X Money" feature, which will launch sometime this year.
Elon Musk's X.com has signed up Visa as the first partner for its XMoney account that is planned to be launched this year. As part of Musk's long-held plans for X to become an "everything app", X chief executive officer Linda Yaccarino announced the agreement in a tweet.
Social media platform X announced Tuesday (Jan. 28) that Visa is its first partner for the X Money Account that will debut later this year.
CNBC's Hugh Son reports on news regarding X and Visa.
Payments giant Visa and Elon Musk's X are partnering to offer direct payment solutions to customers of the social media app, a person familiar with the matter told Reuters on Tuesday.
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