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Paypal, Venmo, and CashApp have gotten away with a lot so why shouldn't Elon try the same thing.
by wmf 3y ago
Paypal, Venmo, and CashApp have gotten away with a lot so why shouldn't Elon try the same thing.
- woodruffw 3y agoPayPal, Venmo, and Cash App all comply with KYC.
- wmf 3y agoEh, maybe. https://hindenburgresearch.com/block/ https://hindenburgresearch.com/block/
- viraptor 3y agoThey're not social platforms that enable/encourage communication and running scams. They also don't have a leader who will YOLO decisions that cause SEC investigations. PayPal also got away with a lot for its size and keeps fighting being classified as a bank. Regulators may not want to risk that grey area again.