Twitter becoming Worlds biggest Financial Institution?

[yhiaali3]

No wonder Mr. Musk is the richest and weirdest man on the planet, he thinks he can do anything with the money he has.

I think because of his outrageous wealth he gets bored so you always see him change directions 180 degrees from cryptocurrency to artificial intelligence to Twitter and then to outer space.

Personally, I think that planet Earth does not suit the aspirations of Mr. Elon Musk, so he may seriously consider living on one of the other planets. Perhaps this is suitable for him as much as it is suitable for us.

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[Bollexz1]

Well, Elon Musk can say and mimic all he wants but the chance of him turning Twitter into a Financial institution is extremely thin. Though he might succeed in integrating some finance upgrades but Twitter will forever be recognized as a social media platform. Not to even mentioned how humorous this man can be.

[Smartprofit]

The owner of the social media platform Twitter said during his conference on March 7 Here, that he is optimistic for his company becoming cashflow positive. Although he didn't directly stated that he won't be integrating crypto currency, he wants his social media platform to offer powerful finance system that is more superior than PayPal.

On his interview last year, he said that he slowly shifted his focus from crypto to AI, and stated that blockchain based twitter isn't possible. Due to his inconsistent behavior and doing things on a whim, we are left here thinking what crazy things he will do next. As previously, he was the one hyping about cryptocurrencies including Bitcoin, Doge, and SHIB.




Source: https://cryptoslate.com/elon-musk-has-ambitions-of-making-twitter-the-worlds-biggest-financial-institution/

At one time, the Russian developer and programmer Pavel Durov announced the creation of the TON cryptocurrency. 

This cryptocurrency was supposed to be integrated into the Telegram messenger.  It was a very ambitious project, but unfortunately it failed due to legal issues related to attracting American investors to this project. 

The world-famous messenger (with millions of users) and the cryptocurrency integrated into it, in theory, can lead to the creation of an incredibly successful project (an innovative financial institution of the 21st century). 

Perhaps Elon Musk plans to revive this idea by creating such a financial institution based on Twitter.

[Pokapoka124]

To be honest! I don't entirely believe Elon Musk because of his inconsistent behaviour and comments. He is definitely a big supporter of cryptocurrency but what he is doing with Twitter and the way he is firing people, is not good!

He might have big plans for Twitter but as of now I don't see a possibility for Twitter to become a financial service provider. He will face a similar kind of roadblock that Mera faced with their stablecoin project. Legal challenges need to be solved first.

Come on guys! Google, Amazon, Facebook, and every other tech companies are laying off employees. Why is it so terrible when it concerns Elon Musk? I think every now and then Elon Musk says some random stuff just to seek public attention and it works. The world is so focused on what next Elon Musk is going to do. It’s true Elon Musk is a unpredictable character and almost childlike, the only thing he’s been consistent at is his goal to have a human colony on Mars.

[Bushdark]

The owner of the social media platform Twitter said during his conference on March 7 Here, that he is optimistic for his company becoming cashflow positive. Although he didn't directly stated that he won't be integrating crypto currency, he wants his social media platform to offer powerful finance system that is more superior than PayPal.

On his interview last year, he said that he slowly shifted his focus from crypto to AI, and stated that blockchain based twitter isn't possible. Due to his inconsistent behavior and doing things on a whim, we are left here thinking what crazy things he will do next. As previously, he was the one hyping about cryptocurrencies including Bitcoin, Doge, and SHIB.

Source: https://cryptoslate.com/elon-musk-has-ambitions-of-making-twitter-the-worlds-biggest-financial-institution/

I would be surprised about this at all because I know Elon Musk is a man that has a big dream of dominance. We should not be surprised about what is happening to him currently the way he had been losing money especially last year and he is not even bothered because he's always confident of the kind of business he does. For him switching from cryptocurrency to A.I it means there is a big investment in it. I know is because of the challenge he got from ChatGBT that makes him qant to switch his ideas to A.I.

[Hispo]

~snip~
Meta had big plans to connect the whole world within an unique payment system, if Twitter tries to do something similar, I have no doubt the same regulators will come after Elon Musk to stop him short and not allowing social networks to compete against banks. 

It may seem that these two men and their companies have something in common, but Mr. Mars is a much bigger fox and manipulator than Meta-Man, who underestimated the system. On the other hand, a man who receives billions from the budget as support for his green-space initiatives certainly has many more friends in influential positions and a greater chance to push his project through. The thing is, how to find the perfect balance between making the project successful, and on the other hand, not being in competition with the USD.

The balance basically would be not to a competition against the USD and the systems of banks that already exist, but rather an extension or the traditional system. Thus, the coin of Twitter wallet would be the same USD of always and we would need to deposit/fund such wallet through our usual methods, like Visa/Mastercard.

If you asked me, these billionaires who want to integrate free payment methods and systems seem rather hypocritical and shady, if they really wanted,  they could just fully integrate some existing open-source blockchain which would be harder for regulators to stop, since (in theory) they would not be playing to be a bank, as meta/facebook was accused of, back when Libra/Diem was alive.

[TheGreatPython]

Social media has exploded in the last decade, and Twitter is predicted to grow exponentially. If Musk wants to turn his thoughts into reality I think it makes sense even if he wants to turn Twitter into a bank it makes sense too. If this goes yes I think It will be a great achievement for the financial world in the future but anyway, we'll just have to wait and see how it turns out.

So many factors help them to explode. The main one would be the smartphones and cheap mobile internet. We also experience a Covid where people mostly stays at home. If there are social media who are being use the most I think that would be Facebook and not Twitter and this can be the reason why Elon is going to step up his game in order to keep up with Facebook or possibly overcome it.

Whatever Musk thinks he always gets it but let's admit it, it will still be weird if Twitter will turned into a bank though I wouldn't mind adding cryptos on it. This is what we are always waiting for especially if he will choose Doge coin as its main coin.

[Cryptock]

Social media has exploded in the last decade, and Twitter is predicted to grow exponentially. If Musk wants to turn his thoughts into reality I think it makes sense even if he wants to turn Twitter into a bank it makes sense too. If this goes yes I think It will be a great achievement for the financial world in the future but anyway, we'll just have to wait and see how it turns out.

So many factors help them to explode. The main one would be the smartphones and cheap mobile internet. We also experience a Covid where people mostly stays at home. If there are social media who are being use the most I think that would be Facebook and not Twitter and this can be the reason why Elon is going to step up his game in order to keep up with Facebook or possibly overcome it.

Whatever Musk thinks he always gets it but let's admit it, it will still be weird if Twitter will turned into a bank though I wouldn't mind adding cryptos on it. This is what we are always waiting for especially if he will choose Doge coin as its main coin.

like Amazon and many other gaints - Twitter is firing its employee.
The inflation has been hitting hard and there are alot of people been affected by it. It is now a helpless situation.

[Wong Gendheng]

Twitter has good prospects and potential in the future, the number of users who are very large and according to reports more than 1.2 billion makes Twitter a social media platform that user is very liked Twitter income from users and advertisements continues to increase. I'm sure 2 or 3 years Twitter will be social media number 1 defeating Facebook which according to reports the number of active users has declined.

[STT]

Having one company as the biggest financial anything would be unsafe for commerce.  Its really unlikely for natural progression however innovation advancing the company towards greater efficiency and the whole sector parallel to others in a more distributed marketplace would be good to see and far more probable to occur imo.

[Casdinyard]

I don't know. At this point it seems like Elon will dip his nose on whatever he feels like, and I don't think this is good PR as well considering how laughable he has become in the eyes of the public following his multiple fuckups as the sole owner of Twitter. In any case if destiny wills that twitter become a financial institution then so be it, but I don't see any correlation in between twitter and being a financial institution aside from payments and stuff like that for Twitter Blue subscription, or maybe monetization as well but I think that's a stretch. At the end of the day, it's his money and he can do whatever he wants with it, but he shouldn't always expect people to applaud or even agree with all his ventures and takes especially if they are as deranged as the time he sold flamethrowers to the general public.

[Smartprofit]

Twitter has good prospects and potential in the future, the number of users who are very large and according to reports more than 1.2 billion makes Twitter a social media platform that user is very liked Twitter income from users and advertisements continues to increase. I'm sure 2 or 3 years Twitter will be social media number 1 defeating Facebook which according to reports the number of active users has declined.

1.2 billion people is a huge audience ... In fact, this is the population of such huge countries as India or China. 

At the same time, these are certainly solvent and educated people (otherwise they would not be able to register in this messenger). 

If you create your own payment system in this ecosystem (for example, based on blockchain), then Twitter users will be able to provide services to each other (perform work, sell goods) and pay for these goods (work and services).  They can also give interest-bearing loans to each other. 

If this happens, then Twitter will become the largest financial institution on planet Earth.

[Vishnu.Reang]

 Facebook and Meta are already failed.  Meta platform was one of the most disappointing companies of the last year. Elon Musk, so he done it again with all the critiques, they told him to no buy, it is a bad investment or whatever, well I am not a  fan or I have any problem with him, but saying he  has no idea what he is doing is absolutely false.