X’s plans for a payment service may be expanded beyond the digital field, new data indicate. According to the findings of the Intelligence App Mobile App AppsensaThe X application has been updated in recent weeks with several reports associated with a natural debit card, which can be adapted to your username x.
Dozens of new Code strings in the X App application are reported by various actions that you can take with the new debit card, including checking the shipping status, activating your card after arrival, reporting your lost or stolen card, closing the card, adjusting one more.
Multiple strings also include the terms “Physical_card_option” as well as “naturally”, the data indicate.
The news follows CEO of X CEO Linda Yaccarino January communication that Visa It would be the company’s first partner for X Money service, which will allow users to immediately fund the X wallet accounts through Visa Direct. He explained that the new service would allow PEER-TO-PEER (P2P) payments by connecting with the user’s debit cards and offering the option to transfer money to your bank account immediately.
Yaccarino also noted that this would be the “first of many” big announcements for the X Money this year. This suggests that X is on a route that will widely see it compete with other digital banks and payment services in the near future.
To support his business in payments, X has been registered for money transmitter licenses in all the US for more than a year. Since December 2023, the company was licensed to process payments in twelve states. Since then it has increased the registration To include 40 states, plus Washington, DC
There are other references to the X application code that tell us more about how this new payment card can work. For example, some strings refer to “Cashback” and others to “Deferred Debit”. It also seems to be able to cancel your virtual card regardless of the natural card and vice versa.
In addition, the Code suggests that X could follow relationships with other partners, as both Mastercard and Amex are referred to as supported payment card brands.
The owner X Elon Musk has long envisioned the app that was formerly known as Twitter as more than a social network.
In November 2022, he shared his plans to turn X into an “application” that would include things such as payments and banking, as well as better video and creator content support. Last year, X was found to work to add a payment button to be added to the main navigation line of the site.
Musk’s interest in payments extends far back to the co-foundation of x.com, a company that later merged with the online bank to become Paypal. In 2017, it reiterated the X.com sector and then re -examined Twitter as X in the summer of 2023, less than a year after the acquisition of Twitter.
The X has not been shared when it specifically plans to announce the X Money except for some time “later this year”, according to Yaccarino’s January. She too Recently said The economic times that X will provide investment and transactions as part of the Super App Strategy.
X did not respond to a request for comments.
