In a significant move towards transforming X into an all-in-one application, Linda Yaccarino, the CEO of X, announced the collaboration of this social network with Visa to introduce the X Money account. This partnership introduces Visa as the first partner in this ambitious initiative, aiming to integrate financial transactions on the X platform and revolutionize how users interact with online financial matters. Yaccarino stated that this account will feature attributes such as fast and secure financial provisioning directly through Visa, the ability to link a bank card for peer-to-peer payments, and instant fund transfers to bank accounts. Visa also declared in a statement that this collaboration enables American users to have instant money transfers and provisioning. X’s subsidiary payment services business, registered as a financial services entity, operates under money transmission licenses in several states in the USA.
