Even though Yaccarino announced that Visa is X Money's first digital wallet partner, we shouldn't expect an official launch for a while. 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.

X is teaming up with Visa to soon offer a system for real-time payments on the social media platform — signaling some progress in a yearslong vision from billionaire owner Elon Musk to create an “everything app.

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.