![]() Last week he suggested that “in the future, users would be able to send money to others on the platform, extract their funds to authenticated bank accounts and, later, perhaps, be offered a high-yield money market account to encourage them to move their cash to Twitter.” ![]() There’s no reason to do that unless Twitter offers payment services, and it looks like that’s what Musk is planning to do. Intriguingly, Musk has registered Twitter for a money transmitter license with the Financial Crimes Enforcement Network. ![]() After various mergers, trials, errors and even firings, it developed into the payments company PayPal that millions of people use today. Musk launched X.com in 1999, becoming one of the first online banking sites. That scenario is reminiscent of X.com, one of Musk’s first ventures.
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