X Reveals New Partnership With Visa for Digital Payments. What We Know
Looks like Elon Musk’s X hopes to participate in the competition with Venmo and Zelle. The social media platform said it is cooperating with VISA, one of the largest credit card processors in the United States to create X Money, A Point pair payment platformEssence
X’s CEO Linda YACCARINO announced on the platform of X the digital payment tool WednesdayIt emphasizes some functions that are expected to debut later this year.
Yaccarino said you can connect the debit card for point -to -point payment, immediately transfer the money to your bank account, and access your X Wallet through Visa Direct. visa Reopen the announcementThe X Money users will be able to use Direct Visa Direct to use their debit card funds and transfer funds.
When Musk got X in 2022, he said that he plans to turn it into “All applications“Provide a variety of services.
This is what the news means you.
Do you need an X account to use X Money?
You may need a X account to use X Money, similar to the need to access the Apple account Apple salary Or apple cash.
The promotion of X Money may also be part of the efforts to attract more users to enter the platform.
Platforms are Lost millions of users Since Musk has been consistent with President Donald Trump, it has been a social media platform since the technology billionaire has purchased a social media platform. Former Twitter users have shifted to other social media platforms, such as the Threads and Bluesky of Meta, and it has obtained 27 million users Since the November election.
Read more: How to delete the X (Twitter) account
What are the benefits of using X money?
When X currency is available, we must view the available function. X funds can make the creators on the platform more convenient to receive payment directly from the application.
However, other details are still unclear, including the security of your bank data or any cost of transferring funds to the bank account. Some point -to -point applications also charge other fees, such as instant transfer and withdrawal fees.
Can you use X Money to transfer cryptocurrencies?
Musk has always been DogBut currently not mentioned cryptocurrencies on X Money.
Crypto transactions can be separated from X currency and visa transactions, but it depends on X’s plan and still has a chance.
When can X?
Although Yaccarino announced that VISA was X Money’s first digital wallet partner, we should not expect a formal release for a while. It is unclear whether this will be launched in the world or available internationally.
Neither Visa nor X responded to the comment request immediately.
