448 Elon plans to destroy Paypal (media.greatawakening.win) 🔍 Notable posted 1 year ago by WestCelt 1 year ago by WestCelt +449 / -1 75 comments download share 75 comments share download save hide report block hide replies
Very low or no processing fees.
He is going to make a fuking fortune.
Imagine how many billions of transactions he could capture with a secure, fair, affordable, easy to use platform?
Twitter audience is massive. People already despise ebay and paypal. Fuk. He could torpedo ebay, fb marketplace, paypal, venmo, and zelle all at once.
Since financial services are just swapping zeros, and ones, they could make the whole thing ad-based, or pay a small amount, maybe $8, to remove ads.
That would crush the competitors, although the business would be less profitable than normal.
How could they do no processing fees without selling user data?