Linda Yaccarino, CEO of X, has announced that Visa has signed on to be the first partner for the company’s X Money product.
The partnership will allow for funding of a user’s X Wallet through Visa Direct. The X Money product will debut later this year.
Another milestone for the Everything App: @Visa is our first partner for the @XMoney Account, which will debut later this year.
— Linda Yaccarino (@lindayaX) January 28, 2025
💰Allows for secure + instant funding to your X Wallet via Visa Direct
🪪 Connects to your debit card allowing P2P payments
🏦 Option to instantly…
Details
Visa Direct, mentioned in the post, is a service by Visa that enables fast and secure payments globally, allowing for real-time transfers across borders and domestically.
Flashback
App researchers have repeatedly uncovered code suggesting the development of “X Money,” a feature that would allow users to load funds into a wallet and pay others within the app.
Between the lines
Earlier this year, app researcher Nima Owji noted that “X Money” might not be available nationwide at launch, signaling a staggered rollout based on state regulations.
What’s next
As X inches closer to integrating financial tools, the success of this initiative will depend on regulatory approvals, user adoption, and how well the platform can differentiate itself in the crowded digital payments space.
Source: Techcrunch
