Elon Musk’s X Money payments app set to finally go live this year

Elon Musk’s X Money payments app set to finally go live this year

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With money transfer licenses from more than 40 states now on hand, X appears to be finally preparing to launch the payments application whose leaders were harassing for a while.

Linda Yakarino, CEO of X, revealed that the company plans to launch X money later this year in partnership with Visa. The service will allow users to send payments from person to person using discount cards and transfer money directly to a bank account, similar to Venmo. It will also provide the "x Wallet" feature to deposit money.

Linda Yakarino and Malik X Elon Musk were honest about their goal of providing financial services to X, with the aim of converting them to "applying everything". In 2023, they were confident of the launch of the service in 2024, but it seems that these plans were late. At that time, Musk drew a completely clear picture of its vision versus X Money.

-Lon musk, X Owner, during all cases, October 2023

Currently, X Money looks out of the ambitious and described vision. However, Yaccarino has described Visa partnership as "the first of many big ads about X Money this year." Details on how the service works or how X plans to benefit from it is still under the winding. However, it is known that the application will only be available in the United States, at least at launch.

To stand out, you will need X Money to provide an additional thing, such as convincing iOS users to stay away from Apple Wallet or Android users to drop Google or Samsung - all already Support payments from person to person-will not be easy. Let us not forget the other firm options already in this mixture, such as Venmo.

In addition, I think Elon Musk has become more involved in politics, and victory over users may become more difficult. But hey, we will see how it is running.

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With money transfer licenses from more than 40 states now on hand, X appears to be finally preparing to launch the payments application whose leaders were harassing for a while.

Linda Yakarino, CEO of X, revealed that the company plans to launch X money later this year in partnership with Visa. The service will allow users to send payments from person to person using discount cards and transfer money directly to a bank account, similar to Venmo. It will also provide the “x Wallet” feature to deposit money.

Linda Yakarino and Malik X Elon Musk were honest about their goal of providing financial services to X, with the aim of converting them to “applying everything”. In 2023, they were confident of the launch of the service in 2024, but it seems that these plans were late. At that time, Musk drew a completely clear picture of its vision versus X Money.

-Lon musk, X Owner, during all cases, October 2023

Currently, X Money looks out of the ambitious and described vision. However, Yaccarino has described Visa partnership as “the first of many big ads about X Money this year.” Details on how the service works or how X plans to benefit from it is still under the winding. However, it is known that the application will only be available in the United States, at least at launch.

To stand out, you will need X Money to provide an additional thing, such as convincing iOS users to stay away from Apple Wallet or Android users to drop Google or Samsung – all already Support payments from person to person-will not be easy. Let us not forget the other firm options already in this mixture, such as Venmo.

In addition, I think Elon Musk has become more involved in politics, and victory over users may become more difficult. But hey, we will see how it is running.





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