29.01.2025 16:30
The social media giant X has launched a strategic partnership with Visa. As announced by X's CEO Linda Yaccarino, users will be able to perform digital wallet, bank transfer, and person-to-person payment transactions with their X Money accounts. This development is seen as a significant step in Elon Musk's vision of an all-in-one app similar to WeChat.
The X platform is preparing for a significant transformation in the financial services sector. Expected to be launched in the first quarter of 2025, X Money will offer digital wallet services to its users with Visa's reliable infrastructure. The platform, popular in the cryptocurrency world, aims to strengthen its presence in the fintech ecosystem with this move.
Visa and X Join Forces
The partnership initiated by the X platform with Visa will enable users to conduct financial transactions through the platform. X Money accounts will support essential financial operations such as funding digital wallets, transferring money to bank accounts, and person-to-person payments.
This step, taken in line with Elon Musk's vision of a WeChat-like super app, will enhance the X platform's effectiveness in financial services. It is also expected that the platform, popular among cryptocurrency enthusiasts, will allow for the storage of digital assets like Bitcoin (BTC) in the future.
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