I’m about 98% certain this guy is actually launching a bank. 
Discussion
He is.
That was the plan all along.
Credit issuance based on number of followers and blue tick 😂
But sadly sounds less exciting and more like a new logo, apparently
https://www.reuters.com/technology/elon-musk-says-twitter-change-logo-adieu-all-birds-2023-07-23/
One app to rule them all.
He’s attempting to create a US WeChat.
He did it before back like 20 years ago as X.com. Was related to PayPal somehow. I remember having the debit card. https://www.encyclopedia.com/economics/encyclopedias-almanacs-transcripts-and-maps/xcom#:~:text=X.com%20was%20created%20by,%2C%20mortgage%20lending%2C%20and%20bonds.
Wow.
Built up 100k users, similar to E*Trade numbers!
Yes, I’m familiar. I think X.com will be a bank.
He won’t call it a bank, but people will put their savings there and it will have a banking license.
He will lend the deposits to his companies, at some crazy leverage but a low rate, he will almost match JPM’s capital costs.
He will force all his employees to receive their salary in these accounts, as many banks do.
It will be a massive failure
Maybe taking some advice from Starbucks, benifits of being a bank without /being/ a bank
WeChat-like twitter with payment integration
I had an online checking account at the x.com bank before it became Paypal.
I can't recall where I heard Elon say that his intentions are to make Twitter the "all in one app", like Chinese WeChat. But I might be confused with an article that only mentioned him.
Let’s see
Everyone who has twitter blue is fully kyced, he wants to transform twitter into the American version of WeChat. Definitely checks out! 🥲
Plus he also has insights into how every member thinks… very evil genius of him