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It seems that Elon Musk’s X wants to enter the ring with Venmo and Zelle. The social media platform says it is cooperating with Visa, one of the largest credit card processors in the United States, to create X funds, a paid payment platform.
Linda Yaccarino CEO of X Yaccarino has announced a digital payment tool on the X platform WednesdayHighlighting some of the features that are expected to appear for the first time later this year.
Yaccarino said that you will be able to connect your discount cards to payments from counterpart to counterpart, and immediately convert money to your bank account and access your X via Visa Direct. Visa The advertisement is re -publishedWhich confirms that X funds will be able to finance and transfer money using their discount card using Visa Direct.
When Musk got X (known as Twitter) in 2022, he said he intends to turn it into.Everything is appTo provide multiple services.
Here is what the news can mean to you.
Will you need an X account to use X Money?
You can need an X account to use X Money, similar to the need for Apple account to access the Apple Pay or Apple Cash.
Push for XCount AssistHip can be part of the efforts made to attract more users to the statute.
The platform has Loss millions of users Since the technological billionaire has bought the social media platform, and recently, Musk has compatible with President Donald Trump. Former Twitter users have turned into other social media platforms such as Meta’s Threads and Bluesky, which has gained 27 million users since the November elections.
Read more: How to delete your X (Twitter) account
What is the benefit of using x money?
We will have to see the features available when X Money. X Money may make more suitable for creators on the platform to receive payments directly from the application.
However, the other details are still unclear, including the extent to which your banking data is secured or any funds to transfer money to your bank account. Some peer applications are paid to other fees, such as immediate transportation and withdrawal fees.
Will you be able to convert the encryption with X Money?
Musk was a supporter of Dogecoin, but there was no male to have a coding on X Money at this time.
Curd transactions can be separate from X funds and visa transactions, but there is still an opportunity, depending on X.
When will the x money be available?
Although Yaccarino announced that Visa is the first digital partner for X Money, we should not expect officially for a period of time. It is still unclear whether this will happen in stages or be available at the international level.
You did not respond to a visa or x immediately to request a comment.
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