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“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.”

Well that sounds terrifying!

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[-] A2PKXG@feddit.de 14 points 8 months ago

The thing about from financial transactions is:

a) governments will insist on regulation and influence

b) the recipient needs to use the same system.

If my landlord and my brokerage aren't on TwitterFinance, there's no way to use it to send them money

[-] gentooer@programming.dev 3 points 8 months ago

If TwitterFinance is a bank you can just send money via bank transfer, right? The same way I send my friend who uses another bank some euros after a dinner.

[-] lemann@lemmy.one 2 points 8 months ago

Depends on whether the twitter thing turns out to be a PayPal, Cashapp or an actual bank... if he makes it a Cashapp then direct bank transfers are off the table AFAIK

[-] gentooer@programming.dev 2 points 8 months ago

O, I see. I've never used PayPal or Cashapp, so I learned something new today!

this post was submitted on 27 Oct 2023
692 points (86.1% liked)

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