Elon Musk’s X App to Offer Trading, Investing, and Payments With Visa

X, formerly Twitter, is poised to transcend its social media roots with a bold foray into financial services. CEO Linda Yaccarino confirmed plans for integrated trading and investment features, advancing Elon Musk's vision of an 'everything app.' The centerpiece is X Money, a digital wallet and payment service launching later this year in partnership with Visa.

Initially available in the U.S., X Money will enable peer-to-peer transactions, creator tipping, merchandise purchases, and value storage—all within the X ecosystem. Yaccarino framed it as a comprehensive financial hub, capable of handling everything from splitting bills to executing trades. This MOVE aligns with Musk's pattern of disrupting industries through vertical integration.

While eMarketer projects X's revenue growing to $2.3 billion this year, regulatory hurdles loom. The platform's financial ambitions may trigger scrutiny over licensing requirements and compliance frameworks, particularly given Musk's contentious history with financial regulators.