X’s payments app will be available later this year

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X’s payments app will be available later this year

It seems that X is getting ready to finally roll out the payments app the company’s leaders have long been promising The company will introduce later this year with Visa as partner, CEO Linda Yaccarino announced.

According to Yaccarino, X Money will support person-to-person payments via users’ debit cards with the ability to transfer funds to a bank account, much like Venmo. The service will also allow you to deposit money into an “X Wallet.”

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and view the “Content and social-media partners” setting to do so.

Another milestone for the Everything App:

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is our first partner for the

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Account, which will debut later this year.

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X Wallet via Visa Direct

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P2P payments

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— Linda Yaccarino (@lindayaX)

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Bothe Yaccarino and X owner Elon Musk have long promised to bring financial services to X as they attempt to turn the platform into an “

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their “entire financial world” via X.

So far, X Money sounds like it’s a long way off from that vision, though Yaccarino said the Visa partnership is the “first of many big announcements about X Money this year.” X hasn’t disclosed specifics about how X Money will work for users or how it might make money off the service. X’s business is reportedly struggling. Musk recently told employees that “our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even,” in a memo The Wall Street Journal.

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#payments #app #year

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