X (formerly Twitter) announces partnership with Visa to offer financial payment service 'X Money'

X (formerly Twitter), the social media platform owned by Elon Musk, has announced the launch of a digital wallet and P2P (peer-to-peer) payment service called ' X Money ' provided by credit card network Visa.

Elon Musk's X partners with Visa to offer digital wallet
https://www.cnbc.com/2025/01/28/elon-musk-x-visa-digital-wallet.html

X announces a partnership with Visa to power X Money's wallet | TechCrunch
https://techcrunch.com/2025/01/28/x-announces-a-partnership-with-visa-for-to-power-x-moneys-wallet/

According to X CEO Linda Yaccarino, 'X users will be able to move funds between their bank accounts and their X Money digital wallets via Visa Direct , and link them to their debit cards to make peer-to-peer payments.'

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

'We are pleased to partner with X Money on the launch of X Money. Visa Direct will enable X Money users in the U.S. to deposit and transfer funds in real time using their debit cards,' said Visa.

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

The idea of developing the social networking platform X into a super app with financial functions has been proposed by Musk since 2022, shortly after he acquired Twitter, and in December 2023 it was reported that the company had obtained licenses to operate a money transfer service in several states, including South Dakota.

X (formerly Twitter) acquires remittance service licenses in multiple states to become a financial platform - GIGAZINE

In addition, X Payments, a wholly owned subsidiary that handles payment services, has already been established and has a dedicated website . According to this, at the time of writing, X is licensed in 41 states in the United States and is also registered with the Financial Crimes Enforcement Network ( FinCEN ).

Moreover, as recently as 2025, app researchers had already found traces of code related to X Money on multiple occasions.

Let's see what X Money really is!

At first, it won't be available in all US states!

You'll have a wallet in your X account where you can deposit or withdraw money from it!

You'll be able to connect your bank accounts.

Then you can use it to transfer money to other users! pic.twitter.com/GPSqrooEIm

— Nima Owji (@nima_owji) January 23, 2025

Yaccarino said X Money will be officially released 'sometime in 2025,' but a person familiar with the matter told CNBC that X Money is expected to be available in the first quarter of 2025 (January to March), and that there may be more financial partners in the pipeline besides Visa.