October 20, 2026 11:07 pm (IST)

Make this your homepage

All Finance

‘Operation completed’: Tiger Shroff shooters allegedly alerted handlers after firing, probe reveals | 'I don't mind saying sorry 1,000 times': Sonu Nigam apologises to Kannadigas over ‘Pahalgam’ remark amid concert ban demand | After Vijay, is Dhanush eyeing politics? TVK calls Thalapathy an inspiration | Trump Says Paris Will Become ‘Muslim City Very Soon’, Blames Macron’s Immigration Policies | Four killed in fresh Manipur violence as protesters take bodies to Chief Minister’s residence | Tiger Shroff firing: Three accused arrested on train in Rajasthan, suspected Bishnoi gang link emerges | 'Internet access a fundamental right for children': SC rejects age-based 'blanket' ban | 'We will fight our own government': RG Kar victim's father threatens fresh protest after Sandip Ghosh gets bail | RG Kar shocker: Sandip Ghosh gets bail as only 7 of 147 witnesses examined, junior doctor blasts CBI | Trump waives Russia-related sanctions

‘X Money,’ a digital wallet and payment service, has been launched in partnership with Visa. (Image credit: X Money X handle)

Elon Musk’s X launches ‘X Money’ with Visa

India Blooms News Service | @indiablooms | Jan 29, 2025, at 09:04 pm

Elon Musk’s social media platform X has introduced its digital wallet and peer-to-peer payment service, ‘X Money,’ in collaboration with Visa.

CEO of X Linda Yaccarino announced the news in a post on X on Tuesday, confirming that the X Money account will debut later this year.

Another milestone for the Everything App: @Visa is our first partner for the @XMoney Account, which will debut later this year.

💰Allows for secure + instant funding to your X Wallet via Visa Direct

🪪 Connects to your debit card allowing P2P payments

🏦 Option to instantly…
— Linda Yaccarino (@lindayaX) January 28, 2025

Visa, one of the largest US credit card networks, reshared X CEO Linda Yaccarino’s update, emphasising that Visa Direct will enable US-based X Money account holders to fund their wallets and transfer money instantly via debit cards.

We’re excited to partner with @XMoney on the launch of X Money Account.

Visa Direct will make it possible for US X Money Account users to fund and transfer money in real-time with their debit card. https://t.co/h1t0ofX9NE
— Visa (@Visa) January 28, 2025

When Musk acquired X (formerly Twitter) in 2022, he envisioned transforming it into an "everything app"—a multifunctional platform integrating messaging, social networking, peer-to-peer payments, and e-commerce.

Yaccarino described the launch of X Money as "another milestone" in realising that vision.

According to CNBC, Musk has been securing regulatory approvals for over a year.

X Payments LLC is now licensed in 41 US states and registered with the Financial Crimes Enforcement Network (FinCEN), as per the company’s website.

The announcement comes as X grapples with sluggish user growth and lacklustre revenue.

Acknowledging these struggles, Musk stated, “We’ve witnessed the power of X in shaping national conversations and outcomes,” but admitted that “our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even.”

#X #ElonMusk #XMoney #DigitalWallet

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.