Elon Musk is taking firm steps in line with the vision of converting Twitter to X. Accordingly, the platform will implement a new financial service called X Money in 2025. According to the CEO of X CEO Linda Yaccarino, users will be able to make instant money transfers via Visa Direct.

Visa partnership was provided for x Money

This move, which is commissioned by X, is an important step towards becoming a “everything application ında by moving the platform beyond a standard social media. Following Musk’s Twitter purchase, long -term plans for the platform came to light. In his speeches reflected in the records, Musk said, “I mean payments, I mean a person’s financial life,” he said that the platform would be too comprehensive not to need bank accounts.

X Money is thought to be the first step in achieving this goal. With the integration of financial services, X aims to become a platform where users can meet their different needs from one place.

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This approach is inspired by the Chinese Wechat platform. WeChat offers a wide range of features from messaging to payment systems, from food order to various services. With a similar model, X is aimed to make users’ lives easier.

Musk’s previous statements that X can replace standard banking practices in the future are similar to this step. X Money and the company aim to be an ambitious player in the financial sector. Chase wants to compete on platforms like Cashapp and Venmo.