** Seaport Research Partners says Visa's V.N partnership with Elon Musk's X is beneficial for the payments giant

** Visa will be the first partner of the X Money account, wherein customers can instantly fund their X wallet and connect their debit cards for peer-to-peer payments (P2P), Reuters has reported

** The partnership comes as Musk pushes forward to transform X into an "everything app"

** Brokerage expects the partnership to add to Visa's revenue over time as X Money will use Visa Direct for P2P money transfers

** Seaport expects the adoption rate to be in focus, given there are already numerous options for P2P payments in the U.S.

** Brokerage says its early sense points toward a J-curve, a line graph that starts with an initial decline followed by a strong rise

** Adds that X's strategy creates more competition for existing P2P platforms in the U.S.

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))