It looks like Elon Musk’s X wants to get in the ring with Venmo and Zelle.

Here’s what the news could mean for you.

Will you need an X account to use X Money?

We’ll have to see what features are available when X Money is available.

X Money could make it more convenient for creators on the platform to receive payments directly from the app.

Some peer-to-peer apps also charge other fees, such as instant transfer and withdrawal fees.

Will you be able to transfer crypto using X Money?

When will X Money be available?

It’s still unclear whether this will roll out in phases or be available internationally.

Neither Visa nor X immediately responded to a request for comment.

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