![]() So PayPal is actually a less complete product than what we came up with in July of 2000, so 23 years ago.There’s a recurring phrase in Walter Isaacson’s new biography Elon Musk. "And for some reason PayPal, once it became eBay EBAY, not only did they not implement the rest of the list, but they actually rolled back a bunch of key features, which is crazy. ![]() "The X/PayPal product roadmap was written by myself and David Sacks actually in July of 2000,” Musk reportedly said on the internal X call. ![]() "Bet you the first currency he uses is dogecoin," podcast host and entrepreneur Vinny Lingham posted. Then we get a critical mass of several hundred million people across borders with free speech and hard money right as things melt down," Srinivasan predicted, calling it "Elon's Ark." "Maybe X issues a self-custodied crypto wallet to every user. Srinivasan and others suggested Musk could roll out a crypto wallet feature on X, similar to PayPal's bitcoin and crypto service. Forbes Digital Assetsīond prices have since gone haywire, with the market going into meltdown and yields, which move inversely to prices, soaring to a 16-year high. Elon Musk and X could be about to trigger a "critical mass" of bitcoin and crypto adoption. The bitcoin price has crashed back from its PayPal-led all-time high set in late 2021-but some think. Sign up now for CryptoCodex -A free, daily newsletter for the crypto-curious MORE FROM FORBES This Is 'Not Priced In'-A 'Huge Shift' Just Happened That's About To Blow Up The Bitcoin, Ethereum, XRP And Crypto Market By Billy Bambrough Some feared this would trigger a global financial meltdown and the collapse of the established financial system. Srinivasan made headlines earlier this year when he made a bet the bitcoin price would sky-rocket to $1 million per bitcoin by July due to the Federal Reserve's aggressive tightening program in the wake of its ultra-loose monetary policy during the Covid pandemic. debt pile that increased dramatically over the last few years. "Just in time for the sovereign debt crisis," tech investor and former Coinbase COIN chief technology officer Balaji Srinivasan posted to X, referring to the ballooning U.S. However, Musk denied media reports that said X could add a trading platform built inside the app as part of a plan to turn the app into a financial-data giant, with Musk going on to say X will never launch a cryptocurrency of its own to rival bitcoin, ethereum, XRP XRP XRP or Musk's "fave" cryptocurrency dogecoin. states while a leak suggested Musk could turn X (Twitter) into an "updated version of PayPal." ![]() ![]() Since then, he's acquired money transmitter licenses for X in various U.S. Speculation has swirled since Musk first made a bid for Twitter in early 2022 that he could add significant payment, financial and banking features to the platform, with leaked text between Musk and his brother Kimbal revealing he considered using bitcoin's blockchain technology. I’m talking about, like, you won’t need a bank account." So, it’s not just like send $20 to my friend. "If it involves money, it’ll be on our platform. "When I say payments, I actually mean someone’s entire financial life," Musk reportedly said on the anniversary of his takeover of the company, adding people will be surprised "just how powerful it is." ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |