Visa has partnered with X to launch the X Money Account, integrating instant payments, debit card features, and secure transfers, marking a leap toward Elon Musk’s “everything app” vision.
X Unveils Game-Changing X Money Account With Visa Partnership
In a significant strategic move towards transforming X into a comprehensive “everything app,” CEO Linda Yaccarino announced a partnership with Visa to introduce the X Money Account. This collaboration positions Visa as the inaugural partner in this ambitious initiative, aiming to seamlessly integrate financial transactions into the X platform and revolutionize how users interact with their finances online. Yaccarino expressed her enthusiasm about the development on her official X account on January 28, stating:
“Another milestone for the Everything App: Visa is our first partner for the X Money Account, which will be launched later this year.”
She further elaborated on the key features, including “secure and instant funding to your X Wallet via Visa Direct,” the ability to “connect your debit card for peer-to-peer payments,” and an “option to instantly transfer funds to your bank account.”
Visa also issued a statement on X, expressing its excitement about partnering with X Money on the launch of the X Money Account. Visa Direct will enable U.S. X Money Account users to fund and transfer money in real-time with their debit card.
X Payments LLC, registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Service Business, operates under state-issued money transmitter licenses across multiple U.S. jurisdictions. As per its website, the company currently holds 49 licenses, including one in Washington, D.C. This regulatory foundation ensures compliance with U.S. financial laws, further bolstering user trust as X implements its new payment services.
The X Money initiative aligns with Elon Musk’s broader vision of transforming the platform into a multifunctional ecosystem, akin to China’s WeChat. By integrating social networking, entertainment, and payment services, X aims to provide users with a unified experience that encompasses both their social and financial requirements. This partnership with Visa marks a pivotal step in transforming X from a social media platform into a leading player in the fintech industry.
Yaccarino underscored that this is merely the commencement of a series of significant announcements regarding X Money this year. As X continues to expand its offerings in 2025, users can anticipate an array of additional features and partnerships that will further integrate financial services into the application. The introduction of the X Money Account not only signifies X’s growing presence within the financial technology sector but also underscores its mission to provide a comprehensive solution for users’ digital lives.
