X has announced an agreement with Visa for the launch of a peer-to-peer payments system. The goal is to create a system in which each X user can create his digital portfolio and exchange money with other users. It was the goal of Elon Musk, for over 25 years.
It was his goal since 1999. Since with the sale of his first company he has had the money to invest in an autonomous project in his pocket. Elon Musk is now a step closer to the creation of a Payment system that supports the Network of Xthe social media once known as Twitter. A step that is now possible thanks to a close agreement with Visathe largest credit cards in the United States.
The announcement comes directly from X. From the information that emerged up to now the goal is to launch a digital wallet and a payment service peer to peer. The details are not yet known but you can read something more on the post published by Linda Yaccarino, CEO of X (Fu Twitter). X money should debut in the coming monthshowever by the end of 2025.
How it works for Money
For those who have already tried it, the operation is very similar to Satispay. In short, it will be possible to create a digital wallet simply starting from an account X and bring to terms of the Transitions of money towards other users. Not only that. Once the debit card is connected it will also be possible transfer money accumulated on the system directly on your account.
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Elon Musk had already tried to launch something similar over 25 years agowhen he founded X.com. The idea was to create a digital payments system. At the time, however, things did not go completely as expected. X.com began to work with Paypal, another project with a similar goal. In the end Paypal grew so much from become the main project.
Now Elon Musk has more money, more influence and above all already has a social with millions of users who could create an account for payments with a handful of click. We will see if it will be able to replicate the blow that he succeeded with Paypal.
