27 Oct 2023

Twitter Bank

The Verge:

“When I say payments, I actually mean someone’s entire financial life,” Musk said, according to audio of the meeting obtained by The Verge. “If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”

The company is currently working on locking down money transmissions licenses across the US so that it can offer financial services. Musk told employees Thursday that he hopes to get the others X needs in “the next few months.”

That's fucking laughably unlikely to happen considering The Register has Musk leaving investors holding junk debt:

...Yaccarino met with bankers from Morgan Stanley, Bank of America, Barclays and other institutions earlier this month to assure them the company wasn't leaving them holding a bunch of junk debt. Whether they'll be able to profit from the reported $13 billion lent to Musk for the purchase is increasingly unclear, however.

About

Chancee is a designer who codes from London Town.

They have worked for the likes of Nike, Vodafone, Sky, Disney and Pearsons, won awards from Promax, BAFTAs, the Appys and The Drum. Spoken at The Waldorf and Southampton University - despite swearing like a sailor. Available for hire to draw pretty curves and code clever things.