X Launches Digital Wallet and Peer-to-Peer Payments

X Launches Digital Wallet and Peer-to-Peer Payments in Partnership with Visa. Elon Musk’s social media platform X has officially launched a digital wallet and peer-to-peer payments service in partnership with Visa, marking a major step toward its vision of becoming an “everything app.”

CEO Linda Yaccarino announced on Tuesday that Visa will facilitate fund transfers between traditional bank accounts and digital wallets, as well as enable instant peer-to-peer payments—similar to services like Zelle and Venmo.

The service, branded as the X Money Account, is the first concrete step in X’s broader financial ecosystem. Since acquiring Twitter in 2022 for $44 billion, Musk has repeatedly expressed his ambition to turn the platform into a hub for digital transactions.

X Payments LLC is already licensed in 41 U.S. states and registered with the Financial Crimes Enforcement Network (FinCEN), positioning the company to expand further into financial services. The X Money service is set to launch in the first quarter, with additional financial partnerships expected.

One of its initial use cases will be allowing content creators to receive payments and store funds directly on the platform without relying on external financial institutions.

While Visa has not commented on the partnership, Musk has previously hinted at plans for future banking features, such as high-yield money market accounts, as X moves deeper into fintech.