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.

Elon Musk is getting one step closer to making his X the “everything app” — by getting into personal finance. The social media platform formerly known as Twitter had already expanded beyond its initial scope when Musk first purchased it more than two years ago.

Elon Musk's X has struck a deal with Visa to launch a Venmo-like digital wallet and peer-to-peer payment system for the app’s upcoming “X Money” service. As part of the deal, Visa Direct will allow X Money account holders to connect their debit cards to X,