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Elon Musk's X Corp Unveils 'X Money', Its First Digital Wallet, in Partnership with Visa.

International | Dated: 04 Feb 2025

In January 2025, Elon Musk's social media platform, X Corp (formerly known as Twitter, Inc., a wholly owned subsidiary of X Holdings Corp), introduced its first digital wallet, 'X Money', a peer-to-peer (P2P) payment service, in partnership with Visa. The initiative aims to create a real-time payment system, contributing to the development of an "everything application (app)."

🎯 Key Highlights:

  • - Visa, one of the largest credit card networks in the United States, will be the first partner for X Money's Money Account service, set to launch later in 2025.

💡 Other Important Facts:

  • (i) The company will use Visa Direct, Visa's real-time money transfer solution, to fund X Money's wallet, link to a debit card for payments to other users, and enable smooth transfers back to bank accounts.
  • (ii) X Money will allow users to instantly transfer funds to their bank accounts using Visa Direct.

📚 Test Your Knowledge:

What is the name of the first digital wallet unveiled by Elon Musk's X Corp?

Correct Answer: X Money

🚀 Quick Recap: