According to the Financial Times Twitter has begun applying for regulatory licenses in US, the next legal requirement for providing payment services in the app.

I believe the next area Elon will dominate is the payments space. He was a part of PayPal in the early days and is familiar with how the process works and what people want/need. It could also be easily incorporated into the existing Twitter platform to compete with Cashapp and Venmo. Who know it could evolve into a competitor with Robinhood and other retail brokers and exchanges.

The question is, can paypal,coinbase and square keep their market share with a new competitor on the horizon?

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VisualMod t1_j6n3w1f wrote on January 31, 2023 at 2:43 PM

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VisualMod t1_j6n3wqw wrote on January 31, 2023 at 2:43 PM

#1,661,418

>It's possible, but unlikely. Elon Musk is a visionary and he has a track record of disrupting industries. He's also got a huge following on Twitter, which gives him a built-in user base for any new products or services he launches. Paypal, Coinbase, and Square will have to watch out for Tesla Payments!