Elon Musk's X is gearing up to launch X Money, a digital wallet service in collaboration with Visa, that aims to facilitate real-time peer-to-peer money transfers akin to platforms like Venmo and Zelle. CEO Linda Yaccarino indicated the service is set to debut in early 2025, along with other significant announcements related to X Money. This initiative comes in light of challenges to monetize the platform effectively, and Musk's ambition is to evolve X into a comprehensive app similar to China’s WeChat, integrating various services for user convenience.
Elon Musk's X is partnering with Visa to launch a digital wallet, aiming to enhance user engagement and profitability through peer-to-peer payment services.
CEO Linda Yaccarino announced the upcoming launch of X Money, set to allow real-time transfers, drawing parallels with services like Venmo and Zelle.
Musk's vision for X is to develop an all-encompassing app akin to China's WeChat, which integrates payments, messaging, and more in one platform.
Despite the efforts to monetize X, challenges remain as Musk acknowledged 'revenue is unimpressive' and users are considering alternatives.
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