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Elon Musk’s microblogging social media platform X has inked a deal with Visa, the card payment giant. In an update by Linda Yaccarino, Chief Executive Officer of X Corp, the partnership will provide direct payment solutions to customers of the social media app. Elon Musk’s Visa Partnership Expands X’s Financial Horizons This recent development is significant as it pushes the X platform closer to its goal of becoming an “Everything App.” As an everything app, X would offer various services, such as messaging, social networking, and payments. With this collaboration, Visa becomes the first X money account partner, allowing users to fund their X wallet instantly. Additionally, users can link their debit cards for peer-to-peer payments and transfer funds directly to their traditional bank accounts from X money. – Advertisement – Another milestone for the Everything App: @Visa is our first partner for the @XMoney Account, which will debut later this year. 💰Allows for secure + instant funding to your X Wallet via Visa Direct 🪪 Connects to your debit card allowing P2P payments 🏦 Option to instantly… — Linda Yaccarino (@lindayaX) January 28, 2025 The move for this commenced after Elon Musk declared he would make X a financial platform beyond microblogging. Musk stated he would reward creators on the platform for their activities, which is already happening for verified users. The direct payment solution services by Visa to X users mean the payment giant is looking to take a slice of the profitable digital payment space. Visa would now compete with PayPal, Apple Pay, Google Pay, and a host of other tech firms in the ecosystem. The choice of Visa for the partnership signals trust, given the card payment giant’s credibility in the global payment space. Is Crypto Payments, Dogecoin Next? Experts have suggested that the X payment…

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Filed under: News - @ January 29, 2025 12:26 pm