𝕏 Payments will be the final blow to the Federal Reserve and the Central Banks of the world. Elon is on record stating that with 𝕏 you will no longer require a bank account for finance and commerce. His "everything app" vision will bring online the world's first true decentralized financial system (DeFi).
"𝕏 Payments will be the final blow to the Federal Reserve and the Central Banks of the world."
Could you please elaborate? What is X platform doing differently than any other p2p pay app? Are we giving our money to X? To secure? Aren't there a LEGION of bylaws and certifications required to hold/transmit funds?
The details of Elon's financial plans for 𝕏 have been kept quiet. From the research I have done, I believe full integration of blockchain technology is coming to the platform. This blockchain technology will likely come in the form of a decentralized exchange and clearing house for the trading of tokenized assets. This would enable the userbase of 𝕏 to circumvent the entire Deep State monetary system in order to pay and be paid with the currency of their choosing.
Ok so we the consumer would convert wealth to XRP/DOGE/BTC and then be able stop trading in dollars? But doesn't that tank the dollar faster? What happens when the government stops getting its blood money, won't that hasten legislation to reign it in? I'm really interested in this topic if you have any links I could dive in on. Ty
𝕏 Payments will be the final blow to the Federal Reserve and the Central Banks of the world. Elon is on record stating that with 𝕏 you will no longer require a bank account for finance and commerce. His "everything app" vision will bring online the world's first true decentralized financial system (DeFi).
u/#q119
"𝕏 Payments will be the final blow to the Federal Reserve and the Central Banks of the world." Could you please elaborate? What is X platform doing differently than any other p2p pay app? Are we giving our money to X? To secure? Aren't there a LEGION of bylaws and certifications required to hold/transmit funds?
The details of Elon's financial plans for 𝕏 have been kept quiet. From the research I have done, I believe full integration of blockchain technology is coming to the platform. This blockchain technology will likely come in the form of a decentralized exchange and clearing house for the trading of tokenized assets. This would enable the userbase of 𝕏 to circumvent the entire Deep State monetary system in order to pay and be paid with the currency of their choosing.
Ok so we the consumer would convert wealth to XRP/DOGE/BTC and then be able stop trading in dollars? But doesn't that tank the dollar faster? What happens when the government stops getting its blood money, won't that hasten legislation to reign it in? I'm really interested in this topic if you have any links I could dive in on. Ty