Musk once dreamed of making X the “biggest financial institution in the world,” taking the first step of launching a peer-to-peer payments competitor to PayPal’s Venmo, Block’s Cash App and bank-owned Zelle.

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.