X Money: Now payments will also be made through X (Twitter) app, Elon Musk is bringing X Money

Payments will soon be made with the help of X (Twitter), which is transforming from a microblogging platform to a super app. X Money payment service will soon be included in this app and information about it is being received.

X Money: Till now, users have been using X (formerly Twitter) as a social media platform, but due to the efforts of Elon Musk, this platform is now becoming a ‘Everything App’. Musk has recently confirmed that his new digital payment service ‘X Money’ will soon be launched with limited beta access. Let us tell you about it in detail.

What is X Money?

X Money will work like a digital wallet, in which users will be able to link their bank accounts. Through this service, users will be able to do things like sending, receiving money and managing funds directly within the X app without any third-party app. Elon Musk gave this information in response to a tweet by @teslaownerssv, which made it clear that this service is soon getting ready for public testing.

Partnership with Visa and license in America

Another big update regarding X Money is that Musk’s company has partnered with Visa. This will allow users to add funds through their debit cards and transfer money directly to other users. Apart from this, X has also obtained money transmission licenses in 41 states of America. It is believed that the new service will be launched first in America and then it will be rolled out at the international level.

X Money will not be limited to payments only

Elon Musk does not aim to limit X Money to payments only. He also wants to add financial tools like high-yield savings accounts, loans and debit cards in the future. With this move, X Money will directly compete with platforms like Venmo, PayPal and Apple Pay. The rollout of the service may happen in the second half of the year 2025.

Musk has also clarified that initially this service will be available to a very limited number of users. During this time, security, data protection, fraud detection and backend processing will be closely examined. Only after this the scale of this service will be increased.

The post X Money: Now payments will also be made through X (Twitter) app, Elon Musk is bringing X Money first appeared on informalnewz.

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