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X Money, the payment service developed by X (formerly Twitter), is set to launch in 2025, with Visa as its first official partner, according to X CEO Linda Yaccarino.
The service will allow users to top up wallets on X, make peer-to-peer (P2P) transfers, and withdraw funds. According to CNBC, the launch is expected in Q1 2025, and X plans to onboard additional financial partners.
As reported by The Verge, X Money has already secured a money transfer license in 41 U.S. states. Back in 2023, Elon Musk described his vision for X as a "digital bank" where users could store money, securities, and other assets without relying on traditional banking systems.
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