{"id":10209,"date":"2025-01-29T06:01:46","date_gmt":"2025-01-29T06:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10209"},"modified":"2025-01-29T06:01:46","modified_gmt":"2025-01-29T06:01:46","slug":"x-announces-partnership-with-visa-to-power-new-digital-wallet","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10209","title":{"rendered":"X Announces Partnership With Visa to Power New Digital Wallet\u00a0"},"content":{"rendered":"<div>\n<p>It is \u201canother milestone for the Everything App,\u201d said X CEO Linda Yaccarino on Jan 28. \u201cVisa is our first partner for the X Money account, which will debut later this year,\u201d she added.<\/p>\n<p>The social media company will use Visa Direct, <a href=\"https:\/\/cryptopotato.com\/visa-partners-with-coinbase-to-enable-real-time-cash-outs\/\" data-wpel-link=\"internal\">Visa\u2019s<\/a> solution for real-time money transfers, to load money into X Money\u2019s wallet. The latter can be used to connect to a debit card to pay other users and to transfer money back to bank accounts.<\/p>\n<p>X Money will launch later in 2025 and compete with established players such as Venmo, Cash App, and Zelle.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Another milestone for the Everything App: <a href=\"https:\/\/twitter.com\/Visa?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@Visa<\/a> is our first partner for the <a href=\"https:\/\/twitter.com\/XMoney?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@XMoney<\/a> Account, which will debut later this year.<\/p>\n<p>Allows for secure + instant funding to your X Wallet via Visa Direct<\/p>\n<p>Connects to your debit card allowing P2P payments<\/p>\n<p>Option to instantly\u2026<\/p>\n<p>\u2014 Linda Yaccarino (@lindayaX) <a href=\"https:\/\/twitter.com\/lindayaX\/status\/1884254005188034772?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Payments Coming to X<\/h2>\n<p>\u201cVisa Direct will make it possible for US X Money Account users to fund and transfer money in real-time with their debit card,\u201d the credit card company <a href=\"https:\/\/x.com\/Visa\/status\/1884259791071240414\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">confirmed<\/a>.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/01\/28\/elon-musk-x-visa-digital-wallet.html\" data-wpel-link=\"external\" target=\"_blank\">According<\/a> to CNBC, X Money will allow creators on the platform to get paid for their monetized content and store those funds directly on X rather than in a bank.<\/p>\n<blockquote>\n<p>\u201cThe X Money service is expected to launch in the first quarter, and deals with more financial partners are likely,\u201d the outlet reported, citing anonymous sources.<\/p>\n<\/blockquote>\n<p>Podcaster Lex Fridman said, \u201cI can\u2019t wait for this,\u201d before adding, \u201cPayments, banking, etc could use a lot of innovation. Integrating crypto would be great, too.\u201d<\/p>\n<p>It has long been rumored that Elon Musk would enable <a href=\"https:\/\/cryptopotato.com\/recent-dogecoin-doge-developments-bitcoin-btc-volatility-and-more-bits-recap-jan-24\/\" data-wpel-link=\"internal\">Dogecoin<\/a> (DOGE) payments on the platform, but there was no mention of crypto in the announcement.<\/p>\n<p>Musk first started talking about his vision for making X (then known as Twitter) a financial platform soon after he took over the company. He mentioned using the platform to tip creators and get a high yield from balances held on it.\u00a0X can \u201cbecome the biggest financial institution in the world,\u201d Musk said in a March 2023 interview.<\/p>\n<p>App researchers have also been finding and delving into the code for the payment platform:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Let\u2019s see what X Money really is!<\/p>\n<p>At first, it won\u2019t be available in all US states!<\/p>\n<p>You\u2019ll have a wallet in your X account where you can deposit or withdraw money from it!<\/p>\n<p>You\u2019ll be able to connect your bank accounts.<\/p>\n<p>Then you can use it to transfer money to other users! <a href=\"https:\/\/t.co\/GPSqrooEIm\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/GPSqrooEIm<\/a><\/p>\n<p>\u2014 Nima Owji (@nima_owji) <a href=\"https:\/\/twitter.com\/nima_owji\/status\/1882428957783466059?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 23, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Regulatory Quagmire<\/h2>\n<p>Money transmitter <a href=\"https:\/\/cryptopotato.com\/ripple-secures-money-transmitter-licenses-in-new-york-and-texas-expanding-us-operations\/\" data-wpel-link=\"internal\">licenses<\/a> in the United States are not easy to obtain, and X has been working hard for the past year.<\/p>\n<p>The company has been actively applying for these money service licenses, is currently licensed in 41 states, and is registered with the Financial Crimes Enforcement Network (FinCEN), <a href=\"https:\/\/payments.x.com\/support\/en\/licenses\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">according<\/a> to the website.<\/p>\n<p>It has also been suggested that X Money will not be available in all US states when it launches. The platform currently has around 55 million users across the United States.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/x-announces-partnership-with-visa-to-power-new-digital-wallet\/\" rel=\"nofollow\">X Announces Partnership With Visa to Power New Digital Wallet\u00a0<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It is \u201canother milestone for the Everything App,\u201d said X CEO Linda Yaccarino on Jan 28. \u201cVisa is our first partner for the X Money account, which will debut later this year,\u201d she added. The social media company will use Visa Direct, Visa\u2019s solution for real-time money transfers, to load money into X Money\u2019s wallet. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10209","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10209"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10209\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}