Elon Musk's X and Visa partner to launch X currency account to advance "everything application" vision

Visa has partnered with X to launch the X Money Account, which combines instant payments, debit card functionality and secure money transfers, marking a major step towards Elon Musk’s vision of an “all-day app.”

Elon Musk's X and Visa partner to launch X currency account to advance "everything application" vision

X Partners with Visa to Launch Disruptive X Money Account
In a major step towards transforming X into a comprehensive “24/7 application,” CEO Linda Yaccarino announced the launch of the X Money Account in partnership with Visa. The partnership positions Visa as the first partner in this ambitious plan to seamlessly integrate financial transactions into the X platform, revolutionizing the way users handle their finances online. Yaccarino shared her excitement about this development on the official X account on January 28, saying:

Another milestone for All Day Use: Visa is our first partner for the X Money Account, which will be launched later this year.

She further detailed key features, including “secure + instant funding for your X Wallet via Visa Direct,” the ability to “connect your debit card to allow P2P payments,” and “the option to instantly transfer funds to your bank account.”

Visa also issued a statement on X, saying: "We are excited to partner with X Money to launch the X Money Account. Visa Direct will enable X Money Account users in the U.S. to fund and transfer money in real time via debit cards."

X Payments LLC is registered with the Financial Crimes Enforcement Network (FinCEN) as a money services business and holds state-level money transmitter licenses issued in multiple U.S. jurisdictions. According to its website, the company currently holds 49 licenses, including one in Washington, D.C. This regulatory foundation ensures compliance with U.S. financial laws to further enhance user trust as X launches its new payment services.

The X Money initiative is in line with Elon Musk's broader vision to develop the platform into a multifunctional ecosystem, similar to China's WeChat. By combining social networking, entertainment and payment services, X aims to provide users with a unified experience that covers their social and financial needs. This partnership with Visa marks a key step in X's transformation from a social media platform to a leading figure in the fintech sector.

Yaccarino stressed that this is just the beginning, saying, “This is the first of many big announcements coming this year regarding X Money.” As X continues to expand its product offerings in 2025, users can expect more features and partnerships to further integrate financial services into the app. The introduction of the X Money Account not only demonstrates X’s growing presence in the fintech industry, but also underscores its mission to create a one-stop solution for users’ digital lives.