Elon Musk’s X begins its push into financial services with Visa deal \ stacker news ~econ

pull down to refresh

Elon Musk’s X said it has struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account.

Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like with Zelle or Venmo.

For over a year, Musk has been applying for these licenses for X. According to its website, X Payments LLC is licensed in 41 states and registered with the Financial Crimes Enforcement Network, or FinCEN.

view all related items

27 sats \ 2 replies \ @Wumbo OP 28 Jan

Edited - I moved quotes into original post.

0 sats \ 1 reply \ @Undisciplined 28 Jan

Fiat's trying to keep up with lightning.

24 sats \ 0 replies \ @Wumbo OP 28 Jan

X is now just like nostr but with crapper payment options.

19 sats \ 0 replies \ @nichro 28 Jan

They're gonna be zapping fiat at each other, bless their hearts

10 sats \ 1 reply \ @grayruby 28 Jan

No one is going to use this.

40 sats \ 0 replies \ @Wumbo OP 28 Jan

I hope people would not use this but I have little faith that people will not use. If one has already jump through KYC hopes for twitter I can see normal people thinking it is easy single solution.

What is your thoughts to why people won't use this?

0 sats \ 0 replies \ @galt 29 Jan

Completely retarded, he could do it for nearly free using NWC and create the biggest financial network in the world

0 sats \ 0 replies \ @028559d218 28 Jan

What ever happened to integrating Lightning into X? ?