Elon Musk's X has struck a deal with Visa to launch a Venmo-like digital wallet and peer-to-peer payment system for the app’s upcoming “X Money” service. As part of the deal, Visa Direct will allow X Money account holders to connect their debit cards to X,

Elon Musk’s social media platform, X, is taking a big step towards becoming a financial hub. They’ve just announced a partnership with Visa to handle person-to-person payments for their upcoming X Money product.

Even though Yaccarino announced that Visa is X Money's first digital wallet partner, we shouldn't expect an official launch for a while. It's still unclear whether this will roll out in phases or be available internationally. Neither Visa nor X immediately responded to a request for comment.