The service will allow creators to accept payments and store funds without institutions.
This marks X’s first step toward a financial ecosystem, following Musk’s $44 billion acquisition in 2022.
Elon Musk has announced that he will reduce his role at DOGE.
Elon Musk’s social media platform X has announced the launch
of a digital wallet and peer-to-peer payment services in partnership with Visa.
CEO Linda Yaccarino shared the update in a post on the platform.
Visa, the largest US credit card network, will allow X users
to transfer funds between traditional bank accounts and their digital wallet.
Users will also be able to make instant payments, similar to services like
Zelle or Venmo, CNBC reported.
X Introduces Peer-to-Peer Payments with Visa
Ran Goldi, SVP of Payments & Network at Fireblocks, Source: LinkedIn
This marks X’s first step toward creating a financial
ecosystem for the platform, which Musk acquired for $44 billion in 2022. He
previously described his vision for the platform as an “everything app” where
users could manage their “entire financial world.”
"Social platforms are no longer only about sharing your
daily insights or hobbies. They are a place where businesses now meet users and
interact, where AI agents are communicating with the world, and as such, where
real commerce is taking place," Ran Goldi, the SVP of Payments &
Network at Fireblocks, commented.
He added: "X adding Visa Direct shows they understand
they need to be as connected to the users’ payment rails as possible, and if I
had to bet, X-Money’s next move would be the next obvious rail for micro and
cross-border payments— Blockchain."
The X Money service is expected to launch in the first
quarter, with additional financial partnerships likely. One early use case for
the service is to allow creators on X to accept payments and store funds
without involving external institutions.
Musk Faces SEC Lawsuit for Disclosure Failure
Earlier this month, the US
Securities and Exchange Commission (SEC) sued Elon Musk for failing to
promptly disclose his purchase of a 5% stake in Twitter (now X) in 2022. Under
SEC rules, Musk was required to announce the purchase within 10 days of March
24, 2022, as reported by Finance
Magnates.
He disclosed it on April 4, 2022, 11 days late, violating
federal law. The SEC claims this delayed disclosure artificially kept the stock
price low, benefiting Musk while disadvantaging investors. The SEC is seeking
penalties, though the amount is not specified. Musk's lawyer dismissed the case
as meritless.
Elon Musk’s social media platform X has announced the launch
of a digital wallet and peer-to-peer payment services in partnership with Visa.
CEO Linda Yaccarino shared the update in a post on the platform.
Visa, the largest US credit card network, will allow X users
to transfer funds between traditional bank accounts and their digital wallet.
Users will also be able to make instant payments, similar to services like
Zelle or Venmo, CNBC reported.
X Introduces Peer-to-Peer Payments with Visa
Ran Goldi, SVP of Payments & Network at Fireblocks, Source: LinkedIn
This marks X’s first step toward creating a financial
ecosystem for the platform, which Musk acquired for $44 billion in 2022. He
previously described his vision for the platform as an “everything app” where
users could manage their “entire financial world.”
"Social platforms are no longer only about sharing your
daily insights or hobbies. They are a place where businesses now meet users and
interact, where AI agents are communicating with the world, and as such, where
real commerce is taking place," Ran Goldi, the SVP of Payments &
Network at Fireblocks, commented.
He added: "X adding Visa Direct shows they understand
they need to be as connected to the users’ payment rails as possible, and if I
had to bet, X-Money’s next move would be the next obvious rail for micro and
cross-border payments— Blockchain."
The X Money service is expected to launch in the first
quarter, with additional financial partnerships likely. One early use case for
the service is to allow creators on X to accept payments and store funds
without involving external institutions.
Musk Faces SEC Lawsuit for Disclosure Failure
Earlier this month, the US
Securities and Exchange Commission (SEC) sued Elon Musk for failing to
promptly disclose his purchase of a 5% stake in Twitter (now X) in 2022. Under
SEC rules, Musk was required to announce the purchase within 10 days of March
24, 2022, as reported by Finance
Magnates.
He disclosed it on April 4, 2022, 11 days late, violating
federal law. The SEC claims this delayed disclosure artificially kept the stock
price low, benefiting Musk while disadvantaging investors. The SEC is seeking
penalties, though the amount is not specified. Musk's lawyer dismissed the case
as meritless.
Retail Investors Get Worldwide UAE Access with eToro as 56% Expect Market Rally
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Fail Better Trading Tech to Tackle Industry Risks
Fail Better Trading Tech to Tackle Industry Risks
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
