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Visa, Elon Musk's X Partner to Launch 'X Money' Accounts Later This Year

1. Visa partners with X for money transfers to X Money accounts. 2. X CEO indicates more announcements about X Money are coming. 3. X's payment feature aims to diversify revenue beyond advertising. 4. Elon Musk envisions X as an 'everything app' integrating payments. 5. X subsidiary has obtained money transmitter licenses in 41 states.

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FAQ

Why Bullish?

The partnership with Visa enhances X's financial capabilities, potentially boosting user engagement. Similar past initiatives have improved user retention and monetization.

How important is it?

This partnership positions X for financial growth, which could indirectly benefit Tesla's stock due to Musk's leadership.

Why Long Term?

Developing X Money could lead to sustained revenue streams for X. This resembles how other platforms successfully integrated payment systems over years.

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