Elon Musk’s social media platform X will debut X Money later in the year, according to CEO Linda Yaccarino, through a partnership with Visa.
Yaccarino announced in an X post that Visa, as their first partner for X Money accounts, will enable secure and instant funding to your X Wallet via Visa Direct. This partnership will also connect debit cards, allowing for P2P payments and the option to instantly transfer funds to users’ bank accounts.
This collaboration reflects Elon Musk’s vision, as he holds a majority stake in the social media platform.
Musk aims to transform X into an “Everything App.” He envisions X as more than a place for posting messages and sharing news. He sees it as a multifunctional app where users can send money to friends, shop online, watch videos, play games, and even order food or a ride.
Through the partnership with Visa, X will introduce a digital wallet and peer-to-peer payment services. With Visa Direct, users can instantly fund their wallets, link debit cards for seamless transactions, and transfer money to bank accounts in real time.
Visa has confirmed its role as the first official partner in this initiative, expressing enthusiasm for facilitating fast and secure financial transactions. Linda Yaccarino, CEO of X, stated that this is just the beginning of the platform’s ambitions in the financial sector.
This development is part of a broader effort by X to diversify its services and boost user engagement. Over the past year, X has secured money transmission licenses across the United States, laying the groundwork for expanding its financial services.
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The launch of X Money is anticipated in late 2025, with potential future integration of cryptocurrency services to stay abreast of technological advancements. This bold move aligns with X’s search for new revenue streams to support its financial turnaround following Musk’s $44 billion acquisition of the platform.
Though Musk has acknowledged X’s current financial growth challenges, the partnership with Visa and the introduction of X Money show X dedication to long-term innovation.
In 2025, X plans to roll out new features designed to make communication and connection more seamless and powerful than ever. These include X TV, a service for consuming content; X Money, a platform for managing finances; and Grok, another innovative tool. Linda Yaccarino, the CEO of X, shared this exciting update in a message last month.
