X has announced its long-awaited X Money service will debut later this year. The news, shared by X CEO Linda Yaccarino on January 28, 2025, marks a significant step towards X’s vision of becoming an “everything app.”
Yaccarino revealed Visa as X Money’s first major partner, hinting at the service’s potential to rival established players in the fintech space. The partnership will enable secure and instant funding to users’ X Wallets via Visa Direct, facilitating peer-to-peer (P2P) payments and immediate bank transfers.
“Another milestone for the Everything App,” Yaccarino stated in her announcement, emphasizing the service’s ability to connect with users’ debit cards for P2P transactions and offer instant fund transfers to bank accounts.
The @XMoney profile, which joined the platform in January 2024, simply states the service is “launching in 2025,” suggesting a carefully planned rollout is in the works.
X appears well-positioned for this launch, with money transmitter licenses already secured in 41 U.S. states, according to the X Payments website. This regulatory groundwork could give X Money a significant advantage as it enters the competitive digital payments market.
Yaccarino teased that the Visa partnership is just the beginning, promising “many big announcements about X Money this year.”