ELON MUSK'S X PARTNERS WITH VISA ON PAYMENT SERVICE IN AN EFFORT TO BECOME AN 'EVERYTHING APP'

X is teaming up with Visa to soon offer a system for real-time payments on the social media platform — signaling some progress in a yearslong vision from billionaire owner Elon Musk to create an “everything app.”

Visa is the first partner for the platform’s “X Money Account” service, which is set to launch later this year, X CEO Linda Yaccarino said in a Tuesday post announcing the news.

The offering, Yaccarino noted, will support an in-platform digital wallet and peer-to-peer payments connected to users’ debit cards, with an option to transfer funds to a bank account.

According to Visa, which also posted about the partnership on X Tuesday, these services will be powered by Visa Direct — the payment giant’s instant money transferring service — and will be available to X Money Account users in the U.S.

Whether X Money will become available to consumers in other countries, and perhaps through additional payment partners in the near future is still known. And an exact date for the U.S. launch has also not been announced yet.

In her post Tuesday, Yaccarino called the partnership with Visa a “milestone for the Everything App” and the “first of many big announcements about X Money this year.”