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🔥 Elon Musk's dream of digital payments for X users takes shape with Visa partnership
Elon Musk's vision to provide X users with digital wallets is beginning to take shape, as the social media platform's CEO, Linda Yaccarino, announced a partnership with Visa on Tuesday.
"Another milestone for the Everything App: Visa is our first partner for the X Money Account, which will debut later this year," Yaccarino said in an X post, adding Visa will enable users to fund their digital wallet, transfer funds to bank accounts, and peer-to-peer payments.
The move is part of Musk's broader strategy of creating a super app akin to Chat. Given Musk's close association with U.S. President Donald Trump, who has increasingly embraced crypto, it raises the possibility that the X Wallet could eventually allow for the storage of digital assets like bitcoin. The X platform is popular among crypto enthusiasts.
X Money will likely launch during the first quarter, according to CNBC. Visa has long been a key partner for many companies operating within the world of crypto eager to make it easier for consumers to access digital wallets.
In other Musk-crypto-related news, the billionaire and representatives of the Department of Government Efficiency, which Musk leads, recently spoke with blockchain providers to explore options for putting federal government systems on-chain, according to a Bloomberg report.
#ElonMusk
Elon Musk's vision to provide X users with digital wallets is beginning to take shape, as the social media platform's CEO, Linda Yaccarino, announced a partnership with Visa on Tuesday.
"Another milestone for the Everything App: Visa is our first partner for the X Money Account, which will debut later this year," Yaccarino said in an X post, adding Visa will enable users to fund their digital wallet, transfer funds to bank accounts, and peer-to-peer payments.
The move is part of Musk's broader strategy of creating a super app akin to Chat. Given Musk's close association with U.S. President Donald Trump, who has increasingly embraced crypto, it raises the possibility that the X Wallet could eventually allow for the storage of digital assets like bitcoin. The X platform is popular among crypto enthusiasts.
X Money will likely launch during the first quarter, according to CNBC. Visa has long been a key partner for many companies operating within the world of crypto eager to make it easier for consumers to access digital wallets.
In other Musk-crypto-related news, the billionaire and representatives of the Department of Government Efficiency, which Musk leads, recently spoke with blockchain providers to explore options for putting federal government systems on-chain, according to a Bloomberg report.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this post/article includes personal opinions. Readers are encouraged to do thorough research before making any investment decisions. Decrypted Labs is not responsible for any financial losses.
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#Bitcoin Spot ETFs had a Total Of
$819 Million In Net Inflows In 2 Days.
Total Inflows: $1.4 Billion
Total Outflows: $579 Million
Those $579 Million In Outflows Have
Come From GBTC ONLY Which
Explains The Reason Behind Dump.
In The Next 1-2 Weeks, Most Of The
Outflows From Grayscale Will Stop
And The Same Money Will Enter Into
Other Spot ETFs.
So, Hold On To Your BTC And Don't
Panic.
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Market sentiment is the process that traders and investors have regarding the price action of a particular asset. It can include information obtained from two fundamental analysis (FA) and technical analysis (TA) indicators. Current news and different price history can also play a role in this process. While they are closely related, it is worth noting that market sentiment and fundamental analysis are completely different things. Fundamental analysis is more related to the performance of a particular business or cryptocurrency project (e.g. reputation and market capitalization). Many traders and chartists consider market sentiment to be a positive indicator of potential short-term and mid-term price movements. And starts walking in the opposite direction. When the majority of traders are pessimistic, the market goes up. In summary, market sentiment can be seen as the result of two major emotions that drive financial markets: fear and greed. In addition, market sentiment is an important component of market psychology. Traders are the opposite of the market. Some traders prefer to buy and sell and some hoard it. Attempts to understand and quantify value by drawing on findings from fields such as ownership of rupees and economics and further knowledge. has been done
Market sentiment is the process that traders and investors have regarding the price action of a particular asset. It can include information obtained from two fundamental analysis (FA) and technical analysis (TA) indicators. Current news and different price history can also play a role in this process. While they are closely related, it is worth noting that market sentiment and fundamental analysis are completely different things. Fundamental analysis is more related to the performance of a particular business or cryptocurrency project (e.g. reputation and market capitalization). Many traders and chartists consider market sentiment to be a positive indicator of potential short-term and mid-term price movements. And starts walking in the opposite direction. When the majority of traders are pessimistic, the market goes up. In summary, market sentiment can be seen as the result of two major emotions that drive financial markets: fear and greed. In addition, market sentiment is an important component of market psychology. Traders are the opposite of the market. Some traders prefer to buy and sell and some hoard it. Attempts to understand and quantify value by drawing on findings from fields such as ownership of rupees and economics and further knowledge. has been done
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