Milan, Jan 28 (LaPresse) – Elon Musk's social media platform X has announced the launch of a digital wallet and peer-to-peer payment services provided by Visa. Cnbc reports this, explaining that X has struck a deal with Visa, the largest US credit card network, to be the first partner in what it calls X Money Account. Visa will allow X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, as with Zelle or Venmo. It is X's first concrete move to create a financial ecosystem for the social media site, which was called Twitter before Musk bought it in 2022. At the time, Musk said the $44bn acquisition was a way to create an ‘app for everything’. He later said the platform would allow users to manage their ‘entire financial world’ on it. The X Money service is expected to be launched in the first quarter and, according to a person familiar with the situation, deals are likely to be struck with other financial partners. One of X Money's first use cases is to allow the site's creators to accept payments and store funds without external institutions, said this person, who spoke on condition of anonymity to discuss internal issues. Visa representatives declined to comment on the matter.