In order to allow users to make transactions in real time, the social network X signed an alliance with the credit card issuing company Visa for the launch of its own payment platform XMoney.

The CEO of the social network, Linda Yaccarino XMoney, said that the XMoney platform “works like a digital wallet and allows real-time transactions between individuals.”

Yaccarino added that Visa is its “first partner for the @XMoney account, which will launch later this year” and detailed that users will have the opportunity to “transfer money from their bank account to the XMoney digital wallet and connect their debit card to make real-time peer-to-peer payments (working like Venmo or, in Spain, Bizum) through Visa Direct, a company service for making instant transactions.”

Likewise, the platform’s customers will be able to deposit funds from their digital wallet to their bank account.

With this negotiation, the social network owned by Elon Musk advances in its purpose of offering users solutions to make payments and store funds without external intermediaries.

M.Pino

Source: contrapunto

(Reference image: BoliviaInteligente on Unsplash)

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La entrada Social network X to launch payment platform in partnership with Visa apareció primero en Bitfinance.