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I'm a bit optimistic about this in the sense that we might get payments similar to what is provided by WeChat in China. Just put up a QR code and you can accept
by adriancr 3y ago
I'm a bit optimistic about this in the sense that we might get payments similar to what is provided by WeChat in China. Just put up a QR code and you can accept payments, scan a QR code and accept in your app.
This might end up replacing VISA/Mastercard and their ~5% fees as middleman completely.
If everyone stores cash in twitter bank accounts, then they can transfer it around at almost no cost.
If twitter can actually execute or a competitor (Meta/Whatsapp) does this is another matter.
- bravetraveler 3y agoWe have plenty of options for being taxed to send money already, even in the states where our financial services are a joke
- adriancr 3y agoSending money is free in europe (internet banks like revolut, iban payments, etc).
- bravetraveler 3y agoRight, but I don't think that's what this is... is it? This new platform will also want a cut. So, hooray - more of the same, I guess.