X Money Set to Launch This Year as X Moves Closer to Becoming an ‘Everything App’

X is pushing forward with its goal of becoming the West’s equivalent of WeChat, and a key part of that plan is its own financial service—X Money.

The platform is set to launch later this year, allowing users to make payments within the app.

According to the official X Money account, the service will cover “all your money moves.” X CEO Linda Yaccarino also confirmed that Visa is the first major partner for the X Money Account.

The partnership will enable users to add money instantly via Visa Direct, link debit cards for peer-to-peer payments, and transfer funds directly to their bank accounts.

The initial rollout is expected to be in the U.S., but it remains unclear how widely X Money will expand. Financial service regulations vary across different regions, which could affect the features available in each market.

Yaccarino also hinted that more major announcements regarding X Money are coming this year, suggesting that the platform is planning to expand its financial ecosystem beyond just payments.