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.
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.
As of now? Nothing other than twitter.
Musks plan is for X to basically be the wests version of WeChat.
https://en.m.wikipedia.org/wiki/WeChat
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.
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.
Whether you like it or not X gonna give it to ya