💸 Musk’s X Unveils X Money Wallet — Teams Up With Visa
X CEO Linda Yaccarino suggested a credit/debit card.
She noted Musk's effort to make X a “everything app.”
Linda Yaccarino, CEO of Elon Musk's social networking site X, told the Financial Times on June 19 that the platform may soon provide credit and debit cards.
X Users Can Trade or Invest
Musk wants to turn X into a "everything app," like China's WeChat, and Yaccarino claimed users would be able to trade and invest.
At the Cannes Lions advertising festival, she told the Financial Times that X would soon allow full financial transactions.
She said that the corporation is considering a 2025 X credit/debit card.
X wants to launch X Money, a digital wallet and P2P service, with Visa as its first partner in 2025.
Yaccarino further indicated that X Money would debut in the US initially for testing, allowing:
Visa Direct X Wallet funding
Connect debit cards for P2P payments.
Instantly transfer debit card money
Making X a “everything app” will confront regulatory hurdles, including:
Official licensing compliance
Regulations on money laundering
After Musk purchased Twitter, several advisers quit, but Yaccarino claimed 96% of advertising clients had returned. She added X would return to 2022 advertising levels “super soon,” according to the tabloid.
X Revenue Forecasts
Financial Times also said that Emarketer expects X's sales to rise to $2.3 billion in 2025 from $1.9 billion in 2024.
For context, Musk took over X in 2022 with worldwide revenues of $4.1 billion.
X CEO noted the platform's AI capabilities, which might boost revenue. Musk's AI business xAI purchased X for $45 billion in March 2025. The merger combined X's massive user base and data with xAI's AI capabilities, which were utilized to train Grok, X's chatbot.
