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Tag: WeChat

Elon Musk’s Move To Evolve X into Peer-to-Peer Payments is Not so New! Look at Chinese WeChat!

FinTelegram Mark Lagarde -
In an era where digital transformation is rapidly reshaping the financial landscape, X is making a significant (and expected) leap. Elon Musk's social media company recently announced its plans to introduce peer-to-peer (P2P) payments, a move that could redefine how users interact with social media platforms and manage their financial activities. X wants to implement WeChat's successful strategy.

Elon Musk’s X Secures Key License In Bid to Transform Into A (Sort Of) Financial Hub Amid Ad Revenue Woes!

Social Media Mark Lagarde -
Elon Musk's social media experiment X, formerly known as Twitter, is inching closer to a significant transformation. This week, the platform secured its 13th money-transmitter license, Reuters reports. This time from Pennsylvania. This marks a pivotal step in its evolution into a financial services provider. This move, yet unreported, positions X to potentially offer money transfer services akin to WeChat.

Twitter Registered As A Money Services Business With FinCEN!

PayTechs Ben -
Times could hardly be more turbulent. Elon Musk's $44 billion takeover of Twitter has sent the global tech and media scene into a tizzy. Then there was the bankruptcy of Sam Bankman-Fried's crypto exchange FTX, which sent the crypto scene into an ice age. Now it is announced that Twitter has registered with the U.S. FinCen as a Money Service Business (MSB). Rumor has it that Musk wants to enrich Twitter with a payment function, transforming it into profitability.

CHINESE REGULATORS LEARNT LESSONS IN P2P LENDING MARKET AND CRACK DOWN ON CRYPTO

Compliance tamir -
It was an interesting week in crypto. Besides the repeated rejection of Bitcoins ETFs by the SEC on Wednesday,...

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