Elon Musk's X has struck a deal with Visa to launch a Venmo-like digital wallet and peer-to-peer payment system for the app’s upcoming “X Money” service. As part of the deal, Visa Direct will allow X Money account holders to connect their debit cards to X,

Elon Musk-owned social network X announced a partnership with Visa to handle person-to-person payments for its upcoming X Money product. The company will

Elon Musk struck a deal with Visa Inc., naming the payments company the first major partner on his mission to turn X into an “everything app.”

The social media company said it would start a peer-to-peer payments service, moving to expand the app’s abilities.

Visa is the first partner for the platform's “X Money Account" service, which is set to launch later this year, X CEO Linda Yaccarino said in a Tuesday post announcing the news. The offering, Yaccarino noted,

X has inked a partnership with Visa as the Elon Musk-owned social media platform seeks to become an “everything" app that offers peer-to-peer payments and other capabilities.