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.”

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

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.