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'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,

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…