Elon Musk X joins forces with Visa to build everything app
Elon Musk X joins forces with Visa
Elon Musk’s X, formerly known as Twitter, is set to partner with global payments leader Visa to introduce digital payments on the platform, marking a pivotal step toward Musk’s long-term vision of creating an all-encompassing “everything app.”
The new feature, branded X Money, is expected to roll out in 2025, according to Crypto News.
The announcement, made by X CEO Linda Yaccarino, signals a significant shift for the platform, which has increasingly expanded its scope under Musk’s leadership.
The collaboration will allow users to perform digital transactions directly within the app, turning X into a hub for both communication and commerce.
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Will X Money Support Cryptocurrencies?
While details remain sparse, the move raises speculation about potential cryptocurrency integration. Before Musk’s acquisition, the platform already supported Bitcoin and Ethereum donations. Musk, a vocal advocate for blockchain technology, has frequently endorsed Dogecoin, and Tesla, his electric vehicle company, holds Bitcoin on its balance sheet.
However, neither Musk nor Yaccarino has confirmed whether X Money will incorporate cryptocurrencies or blockchain-based payment features.
Visa’s track record in digital assets adds to the intrigue. The company is actively involved in Web3 payments, facilitating crypto-backed debit cards, NFT purchases, and real-time blockchain transactions. This expertise could pave the way for more advanced payment options on X.
If realized, X Money would position the platform as a direct competitor to Telegram, which integrates crypto services through The Open Network. By embedding payment functionality, Musk aims to transform X from a social media platform into a comprehensive digital ecosystem.
Whether crypto becomes part of X Money or not, the partnership with Visa underscores X’s ambition to lead the evolution of online financial interactions.
Recently, Elon Musk's AI company, xAI, has raised $6 billion in its latest funding round, doubling its total capital to $12 billion. The funds will advance its generative AI model, Grok, to compete with OpenAI and Anthropic.
