Elon Musk's X to launch payment service

(Web Desk): Elon Musk has long been talking about turning X (formerly Twitter) into an app similar to China's WeChat, and now there has been significant progress in this regard.

The social media platform is launching X Money, with the primary goal of providing payment services to X users. This payment service will be officially introduced sometime in 2025.

The main objective is to integrate financial transactions directly into the social media platform, which will help transform it into a super app.

According to the official X Money account, it will serve as a solution for all your financial needs, hinting that the company will introduce multiple payment features.

X's CEO, Linda Yaccarino, recently announced that Visa will be the first official partner for X Money, which will assist users in sending or receiving money via Visa Direct.

Users will also be able to connect through a debit card to use the payment service. Additionally, there will be an option to transfer money directly into bank accounts.

This service will initially be launched in the United States, with plans to expand to other regions depending on legal and financial approvals.