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Elon Musk's X and Visa Partner to Launch X Money Account with Peer-to-Peer Payments
X, the social media platform owned by Elon Musk, has partnered with Visa Inc. to launch the X Money Account, set to debut later this year. The announcement was made by X CEO Linda Yaccarino on January 28, 2025. Visa will enable X users to move funds between traditional bank accounts and their digital wallets, make instant peer-to-peer payments similar to services like Zelle or Venmo, and connect their debit cards for transactions via Visa Direct. This initiative allows users to fund their X Wallets securely and instantly through Visa Direct, connect to their debit cards for peer-to-peer payments, and transfer funds instantly to bank accounts. This is a step toward Musk's vision of transforming X into an 'everything app,' integrating financial services into the platform.
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Will X Money Account reach 1 million users within six months of launch?
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Official announcements or reports from X or Visa regarding user numbers
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