This is so funny to me. Destroying Twitter aside, why does he think a payments app is something anyone wants?
Americans have Facebook Pay, Apple Pay, PayPal, Venmo, CashApp, Zelle and probably a dozen others that I don’t know about.
Canada has Interac e-transfer to any from any bank account for free, so these payment apps don’t even try to expand here. China has WeChat, Japan has Suica and a couple others, I just don’t get it.
This is a solved problem in basically every country. Giving Americans one more payment app they won’t use tied to a dying service that even at its peak very few used doesn’t seem like it will have any impact at all.
I honestly believe he thinks re-creating PayPal will lead to success like it has for him in the past. I don’t understand why he believes that, or why anyone would use (yet) another online payment platform when PayPal and several others are available.
Online “high yield savings” tend to be scam companies looking to get access to liquid capital.
