In a move that promises to revolutionize the way we interact with money, Elon Musk’s social media platform X has announced a strategic partnership with Visa to launch an integrated digital wallet. The new feature, revealed by X Corp CEO Linda Yaccarino, will allow users to make payments directly within the app, expanding the platform’s functionality and bringing it closer to becoming a “super app.”
The partnership with Visa marks a crucial step for X on its ambitious journey to become an “app for everything,” offering a diverse range of services ranging from messaging and social networking to payments and financial transactions. With this collaboration, Visa becomes the first partner of the X Money account, enabling users to instantly fund their digital wallets and make peer-to-peer payments, as well as transfer funds directly to their traditional bank accounts.
“Another milestone for the Everything app: Visa is our first partner for the @XMoney Account, launching later this year. Enables secure + instant funding to your X Wallet via Visa Direct. Connects to your debit card, enabling P2P payments. Option to instantly transfer funds to your bank account. First of many big announcements for X Money this year.” wrote Yaccarino.
This innovative initiative is in line with Elon Musk’s vision to transform X into a complete financial platform that goes beyond microblogging and offers users an integrated and convenient experience to manage their finances. Visa’s implementation of direct payment solutions demonstrates the payments giant’s interest in exploring the promising digital payments market, competing with companies such as PayPal, Apple Pay and Google Pay.
Furthermore, the partnership between X and Visa reignites the discussion about the possible integration of cryptocurrencies into the platform, especially the Dogecoin (DOGE), a memecoin that has the declared support of Elon Musk. Musk's affinity for the cryptocurrency world and his frequent posts on X showing support for DOGE raise expectations that the digital currency could be integrated into the app's digital wallet.
While there is no official confirmation regarding the inclusion of cryptocurrencies in the X digital wallet, market experts believe that the widespread adoption of digital assets is inevitable and that in the near future, users will be able to choose their preferred cryptocurrency to make payments. Visa, on the other hand, already has experience in providing card services linked to cryptocurrencies, which reinforces the possibility that DOGE or other digital currencies could be integrated into the X platform in the future.
The partnership between X and Visa has yet to result in an official product launch. However, Linda Yaccarino has assured that X Money will be available later this year, meaning users of the social media platform can expect the services to be accessible online before the end of 2025.