Elon Musk’s X is set to partner with Visa for X Money payments

Elon Musk’s X (formerly Twitter) is moving closer to launching a digital payment system, expected to roll out in 2025. The platform will partner with Visa to enable X users to make digital transactions directly within the app. This initiative, called X Money, is part of Musk’s broader vision to transform X into an “everything app” that integrates a variety of services beyond social networking.

Linda Yaccarino, CEO of X, confirmed the partnership with Visa, which will provide the infrastructure for digital payments within the platform. While there has been speculation about the inclusion of cryptocurrency features in X Money, neither Musk nor Yaccarino has officially confirmed this. However, Visa’s established involvement in the cryptocurrency space, along with Musk’s history with digital assets, suggests that blockchain-based payment capabilities could be a part of the future rollout. Visa has previously collaborated with crypto exchanges and other platforms to offer services like real-time deposits, NFT purchases, and crypto-backed debit cards.

Before Musk’s acquisition of Twitter, the platform supported Bitcoin Lightning network donations and Ethereum blockchain payments, features that have remained in place under Musk’s ownership. Musk himself is a known proponent of cryptocurrencies, particularly Dogecoin, which he has often promoted. Additionally, his company Tesla holds Bitcoin on its balance sheet.

If X Money incorporates broader digital asset functionalities, it could increase competition with other platforms like Telegram, which is already integrated with The Open Network (TON) and supports a range of native crypto services. However, it remains unclear whether Musk and Yaccarino will pursue such crypto integrations for X Money or take a more traditional route for the payment system. The potential to develop similar functionalities to Telegram’s crypto services is still an open question.