Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Elon Musk Reportedly to Compete with Paypal with New Twitter Payment Processing System

by December 14, 2022
December 14, 2022
Elon Musk Reportedly to Compete with Paypal with New Twitter Payment Processing System

Twitter CEO Elon Musk made a comment on Tuesday that seemed to indicate that the firm is working on a payment processing system that would directly compete with PayPal.

Musk was one of the founders of PayPal, previously called X.com, which was then bought by eBay in 2002 for $1.5 billion.

Twitter user @cb_doge wrote, “The man who reinvented the payment system back in 1999 is all set to do it again.”

Musk then responded stating, “It’s gonna be great.”

It’s gonna be great

— Elon Musk (@elonmusk) December 13, 2022

Last month, the New York Times reported that Twitter has registered with the Treasury Department’s Financial Crimes Enforcement Network,  a preliminary step of becoming a payment processing system on the platform.

The outlet added, “Musk said during a Twitter Space Wednesday he hopes to eventually allow Twitter users to send money through the platform and even offer an “extremely compelling” money market with a high yield to “make the app as useful as possible.””

Next Big Future reported:

Twitter has filed with a financial regulatory agency to process payments. This is the start of Elon Musk going back to his Paypal plans. Elon Musk had visions for reinventing finance with Paypal.

Elon Musk will now use Twitter to realize those previously abandoned plans.

Elon wants to integrate all financial data into one database, create all financial and banking services into one highly responsive and fully digital system.

The vision is to democratize and decentralize all of finance.

Elon is talking about his Twitter payments plans.

Elon says they will give every Twitter user a payments account. He plans to make all of the services and site as useful, entertaining, fun and easy to use as possible.

The blue checkmark is for anyone who has a $8 per month and a phone number. This will be less special than the old blue checkmark but it will enable a cleaner more botfree environment. Twitter will actively remove accounts if it involved in fraud. There will be temporary suspensions for accounts making mistakes. Repeated offenses and bad activity will see permanent removal.

The post Elon Musk Reportedly to Compete with Paypal with New Twitter Payment Processing System appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Joe Biden: “When a Person Can Be Married in the Morning and Thrown Out of a Restaurant for Being Gay in the Afternoon, This is Still Wrong” (VIDEO)
next post
Joe Biden Starts Screaming Again During Speech on Trans Kids and Something About How Racism, Anti-Semitism, Homophobia and Transphobia Are All Related (VIdeo)

You may also like

Colorado gov planning to send migrants to New...

January 3, 2023

6 top winners and losers who emerged in...

January 1, 2025

Pelosi calls Republicans’ attitude toward McCarthy’s speakership ‘frivolous,...

January 5, 2023

FBI has long been accused of politicization ahead...

December 3, 2024

NEW: Tara Reade Asks GOP House to Investigate...

December 2, 2022

Bernie Sanders leads lawmakers demanding DOJ prosecute fossil...

August 1, 2023

How NPR went ‘Off the Rails’ to knee-jerk...

April 10, 2024

Dems blast Biden admin for efforts to crack...

September 14, 2023

Biden’s China strategy ‘detrimental’ as ‘international system is...

January 21, 2024

Harris campaign ‘internal worries about cohesiveness’ surface: report

August 29, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Starmer accused of betraying farmers as British food pledge stalls

      August 22, 2025
    • Fed rate cut looms after Powell’s Jackson Hole speech

      August 22, 2025
    • Tariff “Inclusion” Process Comes with High Costs, Absurd Outcomes, and Extra Cronyism

      August 22, 2025
    • Trump DOJ releases ‘thousands’ of Epstein files to House Oversight Committee

      August 22, 2025
    • Jackson scathing dissent levels partisan charge at colleagues after high-profile ruling

      August 22, 2025
    • ‘Leftist’ taxpayer-funded academy sparks backlash after moving against Trump’s rollback of key regulation

      August 22, 2025

    Categories

    • Business (8,857)
    • Investing (2,235)
    • Politics (16,464)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved