Elon Musk’s social media company, X, said on Tuesday that it was teaming up with Visa to provide financial services, in a step toward Musk’s plans of expanding it into an “everything app.” The new financial feature,

X Users Will Be Able to Transfer Funds, Pay Each Other Visa is set to become the first financial services partner for X, formerly Twitter, the companies announced Tuesday. Users will be able to transfer money from Visa debit cards or bank accounts to "X Money" accounts hosted on the platform.

Elon Musk is getting one step closer to making his X the “everything app” — by getting into personal finance. The social media platform formerly known as Twitter had already expanded beyond its initial scope when Musk first purchased it more than two years ago.