Elon Musk's X partners with Visa on payment service in an effort to become an 'everything app'

Core Points - X, formerly known as Twitter, is partnering with Visa to launch a real-time payment system, marking progress towards Elon Musk's vision of an "everything app" [1][3] - The "X Money Account" service will support a digital wallet and peer-to-peer payments, with Visa Direct powering these services for users in the U.S. [2][3] - The partnership is seen as a significant milestone, with expectations for more announcements regarding X Money throughout the year [3][4] Company Developments - The launch of the X Money Account is part of Musk's long-standing interest in creating a super app similar to China's WeChat, which integrates various services [3][4] - The competitive landscape for such platforms has intensified, with other social media companies like Meta expanding their offerings [5][6] - Since Musk's acquisition in 2022, X has faced challenges, including user and advertiser alienation due to rising hate speech and misinformation [6] Regulatory Environment - X's ambitions may attract scrutiny from major tech companies and regulators, particularly regarding competition in the super app space [7][8] - The U.S. Justice Department has raised concerns about Apple's market power potentially stifling the development of super apps, which could impact X's strategy [8]