X owner Elon Musk inked a deal with payment platform Visa to launch “X Money,” facilitating money transfers from debit cards and bank accounts to “X Money” accounts, and will allow X users to pay each other on the platform. The move furthers Musk’s ambition to turn the social media app, formerly known as Twitter, into a so-called “everything app” akin to the popular Chinese app WeChat, an app used by its government to enforce its social credit score.

X CEO and World Economic Forum (WEF) associate Linda Yaccarino revealed the news in a post, referring to X as the “Everything App,” while hinting at many other big updates for the platform later this year.

Visa replied to Yaccarino’s post confirming the news, saying they were “excited” to partner with X Money.

X Payments, a subsidiary of X, says on its website:

When processing online credit card payments, X-Payments works as an intermediary between an API integrated application on one side and payment gateways and 3D-Secure systems on the other side, implementing the PCI compliant secure layer that works with credit card data and keeps your applications and systems out of the PCI scope.

Read the rest of the report for free on Substack:

Read the rest of the report for free on Substack

[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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