• Whirlybird@aussie.zoneEnglish
        02·
        11 months ago

        Yet. It’s not a competitor yet. Musk has been open about working towards making it a competitor.

        • Tartas1995@discuss.tchncs.deEnglish
          0·
          11 months ago

          Again because last time went so well. And Elon musk is known for not liking and failing at complying to regulations, and that man wants to run a financial service provider? Hahahaha

          • Whirlybird@aussie.zoneEnglish
            0·
            11 months ago

            Last time he got bought out for hundreds of millions of dollars, so yeh I’d say it went pretty well.

            • Tartas1995@discuss.tchncs.deEnglish
              0·
              11 months ago

              And then he continued to work on his x.com ideas, to be kicked out because he wasn’t able to produce a product. Obviously he made money, but his idea failed. And him making money, doesn’t change anything about his history with not complying with regulations and his plan to run in the modern environment a financial service. 9/11 changed the finance world. Obviously musk doesn’t quite know that.

      • Overzeetop@kbin.social
        0·
        11 months ago

        Which is weird since the US Fed is now trialing a direct transfer service, and you’re a lot of dead boomers and genXers away from dethroning V/MC/Amex from their ubiquitous payment networks. There’s nothing you can do on the consumer side to make fund transfers cheaper or more attractive (reward systems already pay consumers to use cards) and also get vendors on board (who hate the 2.5-2.8% they already pay; they’re sure as shit not going to pay you more than the going rate). Plus, given how poorly the code at Twitter was managed, you’d have to be an idiot to trust X with your money.

        • Katana314@lemmy.world
          2·
          11 months ago

          Man, I would love it if there was a non-corp owned way of giving money to people. Even the homeless have switched to PayPal/Venmo, and it’s to the point Visa/PayPal control and tax every transaction.

    • pizza_rolls@kbin.social
      0·
      11 months ago

      I wouldn’t even say that much. They bought out x.com as a competitor and threw their garbage code in the trash

      Confinity already had payments between palm pilots back in fucking 1998, before x.com even existed