๐จ X to Launch 'X Money' Payment Service in 2025
X (formerly Twitter) is set to introduce its new payment system, X Money, later this year. Announced by CEO Linda Yaccarino during CES 2025, this initiative is a significant step in Elon Musk's vision to transform X into a comprehensive "everything app" .
Key Features:
Integration with Visa Direct for real-time funding and transfers .
Peer-to-peer payments and direct bank transfers, akin to services like Venmo.
Acquisition of money transmitter licenses in 41 U.S. states, with plans to expand further .
While initial reports suggest that cryptocurrency integration is not part of the immediate launch, the platform's evolution may include such features in the future .
This development positions X to compete with established payment platforms, leveraging its existing user base to facilitate adoption.
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