In Elon Musk’s quest to make X the West’s ‘all the things app’ similar to WeChat is in China, one of many principal pillars is clearly some form of method to do funds. And so, X Cash will launch later this 12 months.
The official X Cash X account says it is meant “for all your money moves”, and X CEO Linda Yaccarino has simply introduced that Visa is its first accomplice for the X Cash Account.
This account will allow you to add cash immediately and securely through Visa Direct, will connect with your debit card permitting peer-to-peer funds, and there can even be an choice to immediately switch cash to your checking account.
We assume all of that is meant for the US, which is the place X Cash will undoubtedly launch first. However it will likely be attention-grabbing to see simply how geographically widespread it may get and whether or not in doing so some features must be left behind in some locations – monetary companies laws differ broadly from one nation to a different.
Anyway, Yaccarino guarantees that the Visa partnership is simply the “first of many big announcements” about X Cash this 12 months, so we’re curious to see what else they have been cooking over there.
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