Elon Musk says that his social media platform X, formerly known as Twitter, is a better source of information than the traditional news media. “I don’t read the legacy media anymore,” boasts Musk, who asserts that X has become “the collective consciousness of humanity.”

The social media platform X announced on Tuesday it was stepping into the financial ecosystem with the help of Visa by launching its own digital wallet.

X is one step closer to finally launching its payments platform. According to X CEO Linda Yaccarino, the X Money service will debut “later this year” with Visa announced as its first partner.

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

“In study after study, as well as our lived experiences, X has become a platform that promotes hate, antisemitism, and societal division. Under the leadership of Elon Musk, X has reduced content moderation, promoted white supremacists, and re-platformed purveyors of conspiracy theories.”

Wall Street banks, finally within striking distance of offloading debt tied to X, have a sweetener on offer for potential buyers: a claim on the social-media platform’s stake in Elon Musk’s artificial intelligence venture.

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.

Elon Musk’s X platform said it is partnering with Visa to launch payment features for users that will debut later this year. X Chief Executive Linda Yaccarino said Visa is X’s first partner for what she called an X Money account.

The Trump administration offered an ultimatum to some federal employees asking them to choose if they want to resign in a pitch that echoes Elon Musk's moves at Twitter.

X is teaming up with Visa to soon offer a system for real-time payments on the social media platform — signaling some progress in a yearslong vision from billionaire owner Elon Musk to