Elon Musk’s X to launch its first digital wallet in partnership with Visa

Elon Musk-owned social media platform X is collaborating with Visa to introduce a real-time payment system, marking progress toward Musk’s long-standing goal of transforming the platform into an “everything app.”

Visa has been announced as the first partner for the platform’s upcoming “X Money Account” service, expected to launch later this year, according to a post from X CEO Linda Yaccarino on Tuesday. The service will enable in-platform digital wallets and peer-to-peer payments linked to users’ debit cards, with an option to transfer funds directly to bank accounts.