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X Partners with Visa to Launch XMoney Account for Peer-to-Peer Payments Later This Year
39 posts•FintechTech
X, the social media platform formerly known as Twitter, has announced a partnership with Visa to launch the XMoney account later this year. The XMoney account will allow users to instantly fund their X Wallet via Visa Direct, connect their debit cards for peer-to-peer payments, and transfer funds directly to their bank accounts, similar to services like Zelle or Venmo. This marks X's first concrete move into financial services as part of Elon Musk's vision to transform X into an 'everything app.' The announcement was made by X CEO Linda Yaccarino in an X post, highlighting Visa as the first major partner in this initiative.
Proposed Market
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What will be the primary user demographic of XMoney by end of 2025?
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Description
Demographic reports released by X or market research firms