** 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;))
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