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

X Money will launch with the X Wallet later this year, and will allow users to link their digital wallet with their bank account and debit card to transfer funds to and from their bank account, as wel

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,