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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.
Related Market Proposals
Will XMoney account launch successfully with Visa partnership in 2025?
3
Yes (50%)No (50%)
Will XMoney face regulatory challenges in the US within the first year of launch?
3
No (50%)Yes (50%)
Will XMoney have over 10 million active users within 6 months of launch?
3
No (50%)Yes (50%)
What will be the most popular feature of XMoney within the first year of launch?
2
Peer-to-peer payments (25%)Other (25%)Bank account transfers (25%)Instant funding via Visa Direct (25%)
What will be the primary user demographic of XMoney by end of 2025?
2
45+ years old (25%)18-24 years old (25%)25-34 years old (25%)35-44 years old (25%)
Who will be the major competitor to XMoney in peer-to-peer payments by end of 2025?
2
Venmo (25%)Zelle (25%)Cash App (25%)Other (25%)