Elon Musk's X could launch a physical card with X Money: Report
Synopsis
X is reportedly developing a customizable physical debit card linked to user accounts, as indicated by code discoveries within the app. This move follows the announcement of a partnership with Visa for X Money, a service designed to facilitate peer-to-peer payments and bank transfers.
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Economic Times
8 hours ago
- Economic Times
Elon Musk's X could launch a physical card with X Money: Report
— lindayaX (@lindayaX) Live Events X's foray in the financial technology space may soon include physical payments , TechCrunch reported, citing recent discoveries from mobile app intelligence firm AppSensa. The firm has identified new code strings in the X mobile app over the past several weeks, pointing to the development of a customisable physical debit card tied to a user's X backend code updates reference a variety of card-related functions, such as tracking the shipping status of the debit card, activating it upon delivery, reporting it as lost or stolen, locking the card, setting a personal identification number (PIN), and more. Specific terms like 'physical_card_option' and 'physical' appear multiple times throughout the code, strongly indicating the possibility of a physical revelation comes on the heels of X CEO Linda Yaccarino 's January announcement that Visa would be the first official partner for X Money , a new service enabling users to load their X Wallet via Visa Direct instantly. The platform is designed to support peer-to-peer payments, link with users' debit cards, and facilitate instant bank also emphasised that this partnership with Visa marks just the beginning of a series of major developments for X Money expected throughout 2025. Collectively, these moves suggest that X is positioning itself to compete more directly with established digital banks and payment prepare for its entry into financial services, X has been steadily acquiring money transmitter licenses across the United States. By December 2023, the company had secured approvals in twelve states. That number has now risen to 40 states plus Washington, D.C., marking significant progress toward national code unearthed in the app further suggests how the payment system might function. References to features such as 'cashback' and 'deferred debit' imply that users could benefit from spending incentives or choose when their transactions are debited. There are also indications that users will have the ability to manage virtual and physical cards independently, including the option to cancel one without affecting the the code includes mentions of MasterCard and American Express, suggesting that X may be in talks to broaden its payment network beyond Visa. Elon Musk , the owner of X, has consistently framed the platform as more than a social media service. Since acquiring Twitter and rebranding it to X in mid-2023, Musk has described plans to build a comprehensive 'everything app' encompassing payments, banking, video, and content creation tools. That vision has roots in Musk's earlier venture, — the online financial services company he co-founded in the late 1990s that eventually became PayPal. He reacquired the domain in 2017, long before the Twitter 2024, X was spotted adding a 'Payments' option to its navigation menu, reinforcing its commitment to financial services. Yaccarino has also recently revealed that investments and trading will be part of the broader X super app X has not announced an exact launch date for X Money, the company has signalled that more details will come 'later this year,' as stated in Yaccarino's earlier post. X declined to comment when approached for further clarification.
Time of India
8 hours ago
- Time of India
Elon Musk's X could launch a physical card with X Money: Report
Synopsis X is reportedly developing a customizable physical debit card linked to user accounts, as indicated by code discoveries within the app. This move follows the announcement of a partnership with Visa for X Money, a service designed to facilitate peer-to-peer payments and bank transfers.
India Today
a day ago
- India Today
5 smart payment tips from Visa to elevate your concert experience
As music festivals and concerts continue to grow in scale and excitement, fans are no longer just attendees—they're investing in unforgettable experiences. Technology is transforming how we enjoy live events, and payment methods have become faster, smarter, and more secure. On World Music Day, here are some simple, tech-friendly tips powered by Visa that music lovers can use to make the most of every concert music festivals and concerts are becoming bigger, louder, and more unforgettable, with Indian fans travelling across the world to see their favourite artists perform live. Visa data shows a 70% increase in face-to-face card transactions by Indian cardholders during the Coldplay concerts in the UAE, indicating that consumers are relying on secure and seamless payments to enhance their concert World Music Day, Visa shares smart, tech-enabled tips to help music lovers enjoy every moment of concerts, without missing a early access with credit card rewards: Get ahead of the crowd to buy tickets by making the most of your credit cards, like those on the Visa network, and enjoy other benefits, including exclusive discounts, cashback and with Contactless Confidence: Ditch cash and arm yourself with your contactless-enabled Visa credit card for fast and secure purchases at the venue. One tap is all it takes to start building a light, pay right with cards in your mobile wallet: Don't even want to carry a wallet? Simply add your Visa card to your mobile wallet or use your NFC-enabled phone or smartwatch for secure, on-the-go payments — whether it's for your favourite band tee or a quick energy time and coast through lines: Many concerts use QR code–based wallet payments. Load your stored wallet in advance using your Visa card to earn rewards as well as have a seamless checkout at food and merch Safely and Wander Freely: Need cash for your commute home? Your Visa Debit card has got your back with secure withdrawals at nearby ATMs to ensure emergency cash is always at hand. Keep these tips handy to navigate every tap, dip and swipe at your next concert experience and let the music take over.
