Elon Musk’s X is associated with Visa on Payment Service to try


New York (AP) -X joins Visa to offer a real-time payments system on the social media platform, which is some advances in a view throughout the billionaire Elon Musk To create a “everything” application.

Visa is the first partner of the “Money Account” on the platform, which will be launched later this year, said the CEO of X Linda Yaccarino in a Tuesday post announcing the news. The offer, said Yaccarino, will support a digital portfolio and digital payments on platform and peer payments connected to user debit cards, with the option of transferring funds to a bank account.

According to Visa, which too published As for the collaboration of X Tuesday, these services will be fed by Visa Direct (the Instant Money Transfer Service of the Payment Giant) and will be available to the users of the X Money Account in the United States.

If X Money will be available to consumers in other countries and maybe through additional payment partners in the near future it is still known. And an exact date for US launch has not yet been announced.

In its publication on Tuesday, Yaccarino called the collaboration with Visa a “milestone for the Everrythering application” and the “first of the big ads on X Money this year”.

San Francisco -based X -based perspective, formerly known as Twitter, became an “Application of Everything” floated around For some time. Before officially closing the agreement to Buy the platform for $ 44 billion In 2022, Musk expressed interest When creating its own version of something similar to that of China Wechat, a “super application” that makes video chats, messaging, streaming and payments.

And his fascination with a platform began long before the Twitter agreement was on the table. Musk has been playing with the idea of ​​an “application of everything” since the late 1990’s when he launched a startup called X.com, which later merged with what became X.com. He continued to press to Paypal to diversify, but was rejected by the company’s CEO, Peter Thiel and other executives. Paypal was sold in 2002 to EBAY for $ 1.5 billion, providing the MUSC a wind that incorporated Spacex’s creation and an investment in Tesla in his first days.

The landscape is much more competitive today, with a good number of companies that make similar efforts to expand their offers on platforms. Other social media giants, such as Facebook Parent Meta, have added purchases, games and even dating features.

Consumers now have different platforms at their disposal for communications, payment services, entertainment and more. The way the functions of “Everything” come to the rate. Since taking over Musk’s 2022, the platform has already alienated many users and advertisers on reports on the hearing increase and hatred misinformation.



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