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X has announced a collaboration with Visa to enhance the financial features of its forthcoming X Cash service. This initiative represents the initial phase in transforming the platform into an Everything App.
Linda Yaccarino, the CEO of X, revealed the partnership with Visa and confirmed that X Cash is set to launch by the end of 2025. Initially, X Cash will offer a digital wallet and peer-to-peer payment options.
As part of the collaboration, X Cash accounts will connect with the Visa Direct network, allowing users to:
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- load X Wallet using bank cards;
- link X Wallet to a debit card for peer-to-peer transactions;
- instantly withdraw funds to a bank account.
Representatives from Visa have verified their partnership with X.
Elon Musk previously articulated his vision for X to implement financial services by the end of 2024, with the goal of replacing traditional bank accounts. Reports from 2023 indicated that X Cash was initially conceived with potential cryptocurrency integration in mind.
Сообщение X Broadcasts First Options of Its Monetary Service появились сначала на CoinsPaid Media.
