Elon Musk’s social network X has partnered with Visa to facilitate person-to-person payments through its upcoming X Money feature. The collaboration utilizes Visa Direct for real-time money transfers, enabling users to load funds into their X Money wallet, link to a debit card for peer-to-peer transactions, and transfer money to their bank accounts. CEO Linda Yaccarino announced this partnership, indicating it as the first of many significant announcements tied to X Money, although the product is not yet launched. Musk initially envisioned transforming X into a financial platform to support activities like creator tipping and leveraging account balances. X has been actively securing money transmitter licenses across multiple U.S. states for its X Payments subsidiary, with licenses obtained in over 40 states to date. Code snippets related to X Money functionality have been discovered by app researchers, hinting at features like wallet funding and user payments. Despite these developments, the rollout of X Money may not encompass all U.S. states upon its initial launch.

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