Elon Musk X Partners with Visa for X Money Creators Can Load Currencies Make Payments and More

Elon Musk -owned X (earlier named Twitter) has partnered with VISA for its upcoming payment service, X Money. The platform will use Visa Direct to enable money transfer in realtime, which will provide the facility to load money to X Money Wallet, connect with debit cards and transfer funds to bank account. X CEO Linda Yacarino described it as the first of several major announcements for X Money. Although the partnership has been confirmed, the service has not yet been launched. Musk has long imagined converting X into a financial platform, including facilities such as giving tip to the creators and earning interest on the remaining amount. The X has already obtained a money transmitter license in more than 40 American states, preparing to start its financial services.

Elon Musk owned by X has taken a big step. The microblogging platform has joined hands with VISA, taking a step towards becoming a financial platform. X will resort to the VISA network to handle payments for your upcoming X Money Products. The company will use Visa Direct to load money in X Money’s wallet, to pay other users with debit cards and transfer money back to the user’s bank account.

X CEO Linda Yacarino resorted to X for public announcement of this partnership. In his post, he told that this year is the first of the “many big announcements” related to X Money. The company is currently announcing only partnership. Information about when it will be live is yet to come out.

Musk first began to talk about the approach to creating a financial platform to X just after the company assumed. At that time, he also talked about using X to tip the creators and to pay good interest on the remaining balance on X. Of techchchan UnderSo far X has a money transmitter license in more than 40 American states for its payments subsidiary.