In a monumental development for the platform, both X (formerly Twitter) and Visa have partnered to offer direct payment solutions through the social media app. Indeed, the new deal has been agreed upon, sources have confirmed, according to a Reuters report Tuesday.
The move is a massive step forward for the platform. Moreover, it brings the brand ever closer to the ultimate goal of making X an “everything app,” envisioned by owner Elon Musk. Specifically, the new deal will allow users to have access to direct payment options, introducing even greater integration potential into their everyday lives.
JUST IN: X partners with Visa to offer direct payment solutions on the social media platform, Reuters reports.
— Watcher.Guru (@WatcherGuru) January 28, 2025
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X and Visa Strike Payment Deal Amid Musk’s Quest for ‘Everything App’
There are few entrepreneurs who are as divisive to the public eye as Elon Musk is. However, that does not disregard his legacy as one of the world’s most prominent businesspeople. He has built Tesla (TSLA) into an EV juggernaut. However, his work with SpaceX and Nuerolink has only strengthened his legacy.
Yet, one of his most interesting moves has come in his acquisition of Twitter. Upon purchasing the platform, he was not shy about his optimistic hopes for its development. Now, that has taken a massive step forward, as Musk’s X and Visa have inked a partnership to offer direct payment solutions to users.
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Visa is now the first partner for the X Money account, Reuters reports. This will allow customers to fund their X wallet instantly while enabling them to connect debit cards and institute peer-to-peer transactions. Additionally, customers will have the option to transfer funds from X Money to their bank account instantly.
The move would see X take a massive jump forward in its offerings. Specifically, it would inch closer to the ‘Everything App’ that Musk envisioned it could be upon its acquisition. The move also speaks to the ever-growing digital payment system landscape. The arrival of X Money is set to only drive competition with applications like PayPal and Apple Pay.