Musk once dreamed of making X the “biggest financial institution in the world,” taking the first step of launching a peer-to-peer payments competitor to PayPal’s Venmo, Block’s Cash App and bank-owned Zelle.

The social media platform is trying to become an ‘everything app,’ starting with a payments feature, but at least it’s not all about Musk’s favorite digital currency. In an effort to monetize the social media platform,

Another milestone for the Everything App: @Visa is our first partner for the @XMoney Account, which will debut later this year. Allows for secure + instant funding to your X Wallet via Visa Direct Connects to your debit card allowing P2P payments Option to instantly…