Like the rest of things, they change and evolve thanks to technological advances, payment methods and methods do. This has led new systems to arise as is the case of Bizum, which have taken our country completely and have been established as one of the preferred payment methods among the Spaniards.
Everyone wants to replicate and find the new great invention or system, and in regard to payments, Elon Musk already wants its part of the cake. Although this sector is not new for Musk, Who was CEO from PayPal (The system allows users to send and receive money, as well as make online purchases safely) for several years, now wants to give it a new approach and as we have just known, X (formerly known as Twitter) will launch X Money before 2025 is over.
After incorporating payments and including artificial intelligence functions (AI) in the user experience during the past year, the company directed by Elon Musk continues with its strategy for Convert the social network X into an application for everything, and among it stands out the payment platform facet.
In this sense, the executive director of X, Linda Yaccarino, already advanced at the beginning of January that this year would be the turn of new services, as is the case of the television service in ‘streaming’ x TV and financial service x money.
Now, Yaccarino has confirmed that X Money will arrive at the end of this year 2025 and that, among its services, will allow connecting the user debit card to carry out peer-to-peer payments (P2P), as well as Transfer funds instantaneously to its bank accounts, among other novelties.
This has been detailed by the company’s directive in an X publication, in which it has also announced that His first partner for the X Money account will be visa, who will manage payments between individuals.
Specifically, X Money will allow “safe and instant financing” through the Visa Direct service, which is the solution that visa offers to execute money transfers in real time. With this, once users connect their debit card, they can Load money in your X Money portfolio and pay other users or transfer money to your bank account.
With all this, Yaccarino has stated that it is the “first of many great ads” about X Money, while stressing that this financial service “will debut at the end of this year”, with the aim of becoming an option through of which users can manage their money with a functioning similar to that of bank operations applications.
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