Read π‘³π’‚π’˜ 𝒂𝒏𝒅 π‘Ήπ’π’„π’Œπ’†π’•π’”: 𝑨𝒏 π‘¨π’Žπ’†π’“π’Šπ’„π’‚π’ π‘³π’‚π’˜π’šπ’†π’“ π’Šπ’ π’Šπ’“π’‚π’’. Or, read about a strange proffer, a secret intelligence network and more in 𝑻𝒉𝒆 𝑯𝒐𝒕𝒆𝒍 𝑨𝒓𝒃𝒆𝒛
Michael OKane

There's No Normal for You

Former Miami federal criminal defense lawyer, Mexicana Airlines cargo station rep and oh yeah, Saudi Arabia.

Twitter’s 8 Bucks Plan

Mastodon

If Twitter:

–starts charging $8 for verification to meet KYC (Know Your Customer) anti-money laundering requirements

–layers on #Ripple/#XRP

–restricts access to verified accounts

–now you have a profitable payment ecosystem from/to verified users anywhere in the world.

To make Twitter a payments platform like WeChat/TenCent you have to verify users.

It will disrupt the international remittance business and provide cheap banking services for the unbanked.

Would you pay $8 to let anyone send you money from anywhere in the world?

Without percentage-based transactional fees?

I bet a lot of merchants would.

If government at all levels permits payment by Twitter, and merchants get on board, and utilities, and employers

then:

-Visa/MC

-Western Union

-Moneygram

-Paypal

-retail banks

-credit unions

all have a big problem.

The above is an edited copy of posts I made on Twitter on this subject; it has been one of my most popular posts with hundreds of likes and re-tweets.