Social media platform X has officially announced the launch of a digital wallet and instant payment system developed in partnership with Visa. This marks X’s first concrete step toward creating a full-fledged financial ecosystem.
The announcement confirms earlier rumors that emerged after leaked source code from X revealed hints of a financial integration. The new service, called X Money Account, will allow users to transfer funds between bank accounts and X’s digital wallet, as well as send real-time payments, similar to Zelle or Venmo.
X CEO Linda Yaccarino stated that Visa will be the platform’s first partner, providing the infrastructure for financial transactions. According to sources familiar with the matter, X Money plans to expand its partnerships with other financial institutions in the future.
A Step Closer to the “Financial Super App”
The idea of integrating financial tools into X dates back to 2022, when Elon Musk acquired Twitter for $44 billion. Musk has long envisioned transforming the platform into an “everything app”, where users can not only communicate but also manage their finances seamlessly.
To bring this vision to life, X had to undergo an extensive licensing process. According to the company’s website, X Payments LLC has obtained licenses in 41 U.S. states and is registered as a financial entity with FinCEN (the U.S. Financial Crimes Enforcement Network).
Initial Features of X Money
At launch, X Money will focus on enabling content creators to receive payments and store funds without relying on third-party banks.
Additionally, Musk has hinted that X Money could introduce banking features, including high-interest savings accounts.
According to the project's official X page, the system is expected to launch in the first quarter of 2025.
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