The post X Marks the Spot for Payments: Visa Partnership Signals Progress for Musk’s “Everything App” Vision appeared on BitcoinEthereumNews.com.

Elon Musk’s X is making a bold move towards becoming more than just a social media platform. A recently announced partnership with Visa signals a significant stride in owner Elon Musk’s long-held vision of creating an “everything app.” The collaboration will bring real-time payment capabilities directly to the platform, potentially transforming how users interact and transact within the X ecosystem. Visa Powering the X Money Account X CEO Linda Yaccarino officially unveiled the partnership last week in a tweet, declaring Visa as the inaugural partner for the upcoming “X Money Account” service, expected to launch later this year in the United States. This was also followed up by a tweet from Visa. This new offering will introduce a built-in digital wallet within the X platform, allowing users to send and receive peer-to-peer payments with ease and security. Crucially, these transactions will be seamlessly linked to users’ debit cards and powered by Visa Direct, Visa’s established instant money transfer infrastructure. The integration also promises users the flexibility to quickly transfer funds from their X Money Account to traditional bank accounts. Yaccarino enthusiastically described the Visa partnership as a “milestone for the Everything App” and hinted at further financial service announcements throughout the year, suggesting a phased rollout of comprehensive financial features. Musk’s “Everything App” Dream Takes Shape Elon Musk’s ambition to transform X into a “super app,” a digital hub mirroring the functionality of China’s WeChat, has been a driving force since his acquisition of the platform in 2022. His vision extends far beyond social networking, aiming to integrate video communication, messaging, content streaming, and now, robust and user-friendly payment solutions. This concept is deeply rooted in Musk’s entrepreneurial history; his early venture X.com, which later evolved into PayPal, was founded on similar principles. While his initial attempts to diversify PayPal…

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Filed under: News - @ February 3, 2025 12:27 pm