It looks like Elon Musk's X wants to get in the ring with Venmo and Zelle. The social media platform says it's partnering with Visa, one of the largest credit card processors in the US, to create X Money,

NEW YORK (AP) — 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.”

X’s deal with Visa, the largest U.S. credit card network, was announced by CEO Linda Yaccarino and will be dubbed X Money Account.

X has inked a partnership with Visa as the Elon Musk-owned social media platform seeks to become an “everything" app that offers peer-to-peer payments and other capabilities.

The social media company said it would start a peer-to-peer payments service, moving to expand the app’s abilities.

X CEO Linda Yaccarino has confirmed that the company has partnered with Visa to build its upcoming payment solution, X Money. Elon Musk has been

The X Money service is expected to launch in the first quarter, with Visa being the first partner for X Money accounts.

Visa Inc. (V) shares garnered retail attention on Tuesday after the company signed an agreement with Elon Musk’s X to be the first partner of X Money Account. In a post, X CEO Linda Yaccarino said that X Money is expected to be launched later this year.