The X payment application will be available later this year

X seems to be preparing to give up the application of payments that the company’s leaders have long provided from the company’s introduction Later this year with a partner visa, CEO Linda Yakarino announced.

According to Yaccarino, X Money will support one person’s payments to another via discount cards from users with the ability to convert money into a bank account, such as Venmo. The service will also allow you to deposit money in the “X Portfolio”.

Bothe Yaccarino and Malik X Elon Musk have long promised to provide financial services to X while trying to convert the platform into “” in Last year, Yaccarino said that the company planned to support banking features and payments for users. Musk also said that he wanted people to be able “The entire financial world” via X.

So far, X Money looks like that vision, although Yaccarino said the visa partnership is “the first of many big ads about X Money this year.” X did not reveal details about how users X Money works or how they might earn money from service. X works are said to struggle. Musk recently told the employees that “our user’s growth is stagnant, unhappy revenues, and we hardly penetrate”, in a note Wall Street Journal.

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