X announces a partnership with Visa to power X Money’s wallet

Elon Musk-owned social network X announced a partnership with Visa to handle person-to-person payments for its upcoming X Money product.

The company will use Visa Direct, which is Visa’s solution for real-time money transfers, to load money into X Money’s wallet, connect to a debit card for paying other users, and transfer money back to your bank account.

X’s CEO, Linda Yaccarino, announced the partnership and said this is the first of “many big announcements” related to X Money this year. The company is just announcing the partnership at the moment and not actually launching the product.