Elon Musk is making moves again, this time in the payments space. His company, X (formerly Twitter), has officially partnered with Visa to launch X Money, a financial platform that aims to disrupt traditional payment systems.
This partnership marks a significant step in Elon Musk’s goal to transform X into a multifunctional platform similar to China’s WeChat. This vision combines social media, entertainment, and payments into one unified experience, addressing both social and financial needs.
Meanwhile, a new crypto wallet is making waves through its ICO, which we’ll cover further down.
X and Visa Join Forces: Musk’s Vision to Make X a Fintech Giant Takes Shape
In her post on X Tuesday, the company’s chief executive, Linda Yaccarino called the X Money project an “everything app” that will launch later this year.
The digital wallet will offer instant funding of X digital wallets via the card network’s cross-border payments rail called Visa Direct as well as peer-to-peer payments using a debit card.
On Tuesday, Visa confirmed its partnership with X Money, enabling instant funding and real-time transfers via Visa Direct. This integration will allow U.S. users to link debit cards, send P2P payments, and transfer funds directly to bank accounts.
Will X Money integrate crypto? Will it rival existing decentralized payment networks?
Musk’s Vision for X Payments Gains Momentum
The X and Visa partnership is part of Musk’s long-term ambition to integrate digital payments directly into X, potentially transforming it into a fintech powerhouse. Since acquiring Twitter in 2022 and rebranding it as X, Elon Musk has been working to integrate digital payments, securing money transmitter licenses across nearly 40 states to establish a nationwide network.
Musk, who co-founded the online bank X.com (which later became PayPal), has long envisioned a financial ecosystem within X. Even before finalizing the Twitter acquisition, he projected that X’s payments business could generate $1.3 billion in revenue within six years, per a 2022 New York Times report.
In May 2023, Musk appointed Linda Yaccarino as X’s CEO, while Twitter Payments began securing state licenses, starting with Arizona, Michigan, Missouri, and New Hampshire.
Given X’s history with crypto, including Bitcoin tipping and NFT profile pictures, future integrations of crypto payments within X Money remain possible.
Regardless of whether X Money transforms payments or fuels crypto expansion, one thing is clear—the demand for secure, user-friendly wallets that balance speed, accessibility, and decentralization is surging.
One such project gaining traction is the Best Wallet – a multi-chain wallet supporting over 200 decentralized protocols and 20 cross-chain bridges, and which is currently holding a token ICO.
Best Wallet Defining the Future of Digital Finance
The $BEST presale has become a hot topic among crypto analysts, with many surprised by its rapid growth.
On January 27, Best Wallet announced it had raised over $8 million, just two weeks after hitting the $7 million mark on January 13. This surge in public adoption isn’t just about potential gains—it’s also driven by the wallet’s multi-purpose utility and innovative features.
Unlike traditional crypto wallets, Best Wallet integrates features like a built-in decentralized exchange, staking aggregator, presale tracker, crypto debit card, and derivatives trading—all in one app.
It also has a token launchpad that allows users to invest in top new presales early. Some of these, such as Pepe Unchained, have already netted early investors big gains.
The $BEST token enhances this experience, offering trading fee discounts, higher staking yields, governance rights, and early access to promising presales. It’s already helped investors spot projects like Pepe Unchained and Catslap before they take off.
The $BEST presale has already raised over $8.5 million, and at $0.023775 per token, early adopters are in a prime position to benefit as the ecosystem grows.
