Elon Musk is planning on turning X/Twitter into a financial platform too. He should buy Zip to take on Block's all in one platform. Needs some BNPL to be of similar nature to Block and Zippy doesn't cost anywhere near $39B like Afterpay did lolMusk banks on turning X into a financial platform
“If it involves money, it’ll be on our platform,” Musk told X staff last week. But a move into financial services will involve serious regulatio
Elon Musk’s takeover of Twitter (now known as X) has taken an intriguing twist. The serial entrepreneur plans to add a suite of banking products to the social network next year, as he attempts to build a US “super app” with financial services as its core.After his disruption of the automotive and space industries, bankers are on notice that Musk has them in his sights – just like former Twitter boss Jack Dorsey, who has spent years building a banking app in the form of Block’s Cash App.
In a briefing with X staff last Thursday,leaked to US tech publicationThe Verge, Musk said X had applied for various money transmission licences in the United States to allow it to send payments.
Full article below....
a f r .com/companies/financial-services/elon-musk-plans-to-turn-x-into-a-bank-is-he-dreaming-20231101-p5eglw
Zip $1 Party, page-2338
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