ELON MUSK’s social media platform X announced on Tuesday to launch a digital wallet and a piercopia payment service provided by VISA.
X signed a contract with VISA, the largest credit card network in the United States, and became the first partner called X -Money Account, and CEO’s Linda Yaccarino announced on a platform post.
In VISA, X -users can move their funds between the conventional bank account and their digital wallet, and immediately pay the peer coupia like Zelle or Venmo.
This is the first specific movement from X, creating a financial ecosystem for social media sites. This was called Twitter before MUSK purchased in 2022. At that time, MUSK stated that the $ 44 billion acquisition was a way to create “all apps.” He later stated that the platform would allow users to perform the “financial world as a whole.”
The X -Money Service is scheduled to start in the first quarter, and there is a possibility that you will be traded with more financial partners, according to those who have knowledge of the situation.
One of the first use cases of X -Money was to accept the payment of the site and save money without external organizations.
VISA representatives have refused to comment on this issue.
