In Elon Musk’s quest to make X the West’s ‘all the pieces app’ similar to WeChat is in China, one of many principal pillars is clearly some form of technique to do funds. And so, X Cash will launch later this yr.
The official X Cash X account says it is meant “for all of your cash strikes”, and X CEO Linda Yaccarino has simply introduced that Visa is its first companion 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 may 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 will probably be fascinating to see simply how geographically widespread it may possibly get and whether or not in doing so some features should 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 massive bulletins” about X Cash this yr, so we’re curious to see what else they have been cooking over there.