Visa has partnered with Elon Musk's rebranded social media platform, X, to introduce direct payment solutions through the X Money account. This initiative is part of Musk's broader objective to transform X into an 'everything app,' capable of handling messaging, social networking, and payments. Users will be able to fund their X wallet and perform peer-to-peer payments with ease. As digital payments become increasingly vital, traditional card networks like Visa are responding by investing heavily to compete with tech firms in this lucrative market.
The deal establishes Visa as the first partner of the X Money account, allowing users to fund their X wallet and make payments easily.
Musk's vision for X includes transforming it into a 'super app', similar to China's WeChat, encompassing various services beyond social networking.
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