🚀X Teams Up with Visa to Launch New Digital Wallet X Money!💳

On January 28, there’s some super cool news! X (formerly Twitter) and Visa have teamed up for a big move, and they are going to launch a new digital wallet called X Money!

X’s CEO Linda Yaccarino excitedly stated that this marks a new milestone in their “Everything App” development history. She emphasized that Visa will be the first partner of X Money accounts, indicating that this new account will be unveiled to everyone later this year.

This new wallet will use Visa's Visa Direct technology, allowing money on X to be directly transferred to your bank card or used to pay other users. Sounds super convenient, right?

Additionally, X Money is expected to launch later in 2025, competing with established brands like Venmo, Cash App, and Zelle.

Visa also confirmed that their Visa Direct technology will enable X Money users to deposit and transfer money in real-time using credit cards.

X Money will allow creators on the platform to get paid for their content, and this money will be stored directly on X without needing to be deposited in a bank.

Although there are rumors that Elon Musk may introduce Dogecoin payments on X, this announcement did not mention cryptocurrency.

Musk began talking about turning X into a financial platform shortly after taking over, and he previously mentioned that X could become the largest financial institution in the world.

However, launching this new wallet in the U.S. may be a bit tricky for X, as obtaining money transfer licenses is not easy. Although X Payment has already received licensing in 41 states, it may not be usable in all states.

In summary, the launch of X Money is definitely a significant step in the fintech field, and we look forward to the new features it will bring!

💬 Finally, what do you think about this new wallet? Come to the comment section and share your thoughts!