Wednesday, December 07, 2022

Elon Musk says PayPal is moving in the “direction of social credit”


The PayPal founder criticizes his former company. “PayPal seems to be moving in the direction of social credit and restricting transactions – that’s concerning,” PayPal co-founder, and now Tesla and Twitter CEO, Elon Musk, 
Last month, Twitter filed registration paperwork to pave the way for it to process payments, according to a filing with the Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, which was obtained by The New York Times. 
Following that, Musk said that he envisioned users connecting their online bank accounts to the social media service, with the company moving later into “debit cards, checks, and whatnot.”

1 comment:

revereridesagain said...

How would that impact a PayPal user who does not subscribe to Twitter?