Elon Musk X Companions with Visa for X Cash Creators Can Load Currencies Manufacture Bills and Extra

Elon Musk -owned X (earlier named Twitter) has partnered with VISA for its upcoming payment service, X Cash. The platform will use Visa Direct to enable money transfer in realtime, which will provide the facility to load money to X Cash Wallet, connect with debit cards and transfer funds to bank account. X CEO Linda Yacarino described it as the first of several major announcements for X Cash. Although the partnership has been confirmed, the service has not yet been launched. Musk has long imagined converting X into a financial platform, including facilities such as giving tip to the creators and earning interest on the remaining amount. The X has already obtained a money transmitter license in more than 40 American states, preparing to start its financial services.

Elon Musk owned by X has taken a big step. The microblogging platform has joined hands with VISA, taking a step towards becoming a financial platform. X will resort to the VISA network to handle payments for your upcoming X Cash product. The company will use Visa Direct to load money in the wallet of X Cash, to pay other users to the debit card and transfer money back to the user’s bank account.

X CEO Linda Yacarino resorted to X for public announcement of this partnership. In his post, he told that this year is the first of the “many big announcements” related to X Cash. The company is currently announcing only partnership. Information about when it will be live is yet to come out.

Musk first began to talk about the approach to creating a financial platform to X just after the company assumed. At that time, he also talked about using X to tip the creators and to pay good interest on the remaining balance on X. According to Techchchan, so far X has a money transmitter license in more than 40 American states for its bills subsidiary.