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X broadcasts a partnership with Visa to energy X Cash’s pockets | TechCrunch

X broadcasts a partnership with Visa to energy X Cash’s pockets | TechCrunch
January 28, 2025



Elon Musk-owned social community X introduced a partnership with Visa to care for person-to-person bills for its upcoming X Cash product.

The corporate will use Visa Direct, which is Visa’s answer for real-time cash transfers, to load cash into X Cash’s pockets, hook up with a debit card for paying different customers, and switch a reimbursement on your checking account.

X’s CEO, Linda Yaccarino, introduced the partnership and stated that is the primary of “many giant bulletins” associated with X Cash this 12 months. The corporate is simply pronouncing the partnership nowadays and no longer in reality launching the product.

Some other milestone for the The whole thing App: @Visa is our first spouse for the @XMoney Account, which can debut later this 12 months.💰Permits for safe + rapid investment on your X Pockets by means of Visa Direct 🪪 Connects on your debit card permitting P2P bills🏦 Solution to straight away…— Linda Yaccarino (@lindayaX) January 28, 2025

Musk first began speaking a few imaginative and prescient for making X a monetary platform proper after he took over the corporate. At the moment, he mentioned the use of the platform to tip creators and get a prime yield from the stability held inside X.

Since that reside communicate at the platform, X has been acquiring cash transmitter licenses in different U.S. states for its X Bills subsidiary. On the time of writing, the corporate had those licenses in additional than 40 states.

App researchers have additionally discovered strains of code associated with X Cash a couple of occasions now describing the capability of with the ability to load the cash right into a pockets at the platform and pay different customers. Previous this 12 months, Nima Owji, an app researcher, stated that X Cash wouldn’t be to be had in all of the U.S. states at release.

OpenAI
Author: OpenAI

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