Visa, Elon Musk’s X Partner to Launch ‘X Money’ Accounts Later This Year | Global News Avenue

visa(V) It will cooperate with the social media platform X as the first financial service platform for its “X Money” function, and the platform will be launched at some time this year.

The payment processing giant will help transfer the currency from the debit card and the bank account to the “X Money” account and help the company build a platform. Users can pay each other in the CEO and VISA post on Tuesday.

Linda Yaccarino, CEO of this social media company, said in an article on X that these accounts will begin to be listed later this year and say that this is about 2025 X X X. Money’s “Many” announcements.

Visa said in his post that cooperation with X has been called Twitter, which makes us feel “excited” and said that “Visa Direct will make our X Money account users real -time funds and transfer funds that may be borrowed with borrowing Card.

The X subsidiary of Focusing on paying has obtained permission to act as a “currency transmitter” in 41 states. Bloomberg Report Tuesday.

Tesla (Tesla (TSLA) CEO Elon Musk (Elon Musk) I bought Twitter in 2022have I said before He hopes to turn the platform into a “all applications”, including functions such as shopping and payment to be added to the company’s traditional social media products.

Increasing the potential income of payment processing may also help protect the future reduction of advertising expenditure. Decreased sharply under Musk’s ownershipEssence this Wall Street Journal Weekends reported that Musk recently told the employee X’s “user growth has stagnated, and the income is not impressive, and we have hardly broken it.”