Elon Musk is developing X Money, an initiative to transform the platform into a comprehensive financial service akin to WeChat in China. Expected to launch later this year, X Money will allow users to make peer-to-peer payments, add funds instantly through Visa Direct, and transfer money to bank accounts securely. X CEO Linda Yaccarino emphasizes that this partnership with Visa is just the beginning, hinting at more significant announcements to come. The service is set to launch in the U.S., but its global reach will depend on local financial regulations.
The official X Money account states it's intended for 'all your money moves', indicating a comprehensive approach to financial transactions.
X Money will enable instant and secure money transfers via Visa, marking a significant step towards integrating financial services within the platform.
Collection
[
|
...
]