Elon Musk's X begins its push into financial services with Visa deal

[speak easy]

Source: CNBC

Elon Musk’s social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa

X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account, CEO Linda Yaccarino announced in a post on the platform.

She said Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like with Zelle or Venmo.

It’s the first concrete move from X to create a financial ecosystem for the social media site, which was called Twitter before Musk purchased it in 2022. At the time, Musk said the $44 billion acquisition was a way to create an “everything app.” He later said the platform would enable users to conduct their “entire financial world” on it.

Read more: https://www.cnbc.com/2025/01/28/elon-musk-x-visa-digital-wallet.html

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what it is calling the X Money Account
Next up, X Money will be branch into Crypto -
I'm the world's richest man, your Crypto is safe with me.

[angrychair]

1. Crazy

Yes, seems perfectly normal for your social media website to be your go-to for financial services.

[Miguelito Loveless]

2. Visa now endorsing pro-Nazi

platform

[Oopsie Daisy]

3. How long with Visa's "exclusive" deal with Costco and USAA last?

I'm not happy about either.

[Javaman]

4. if he runs that like he ran twitter into the ground, it will be another shit show. nt

[Baron2024]

5. The Plan

The Fascist Plan will be to outlaw cash and only allow digital transactions. Once this is in effect whoever controls the digital platform can and will lock anyone they want out of the system.