August 27, 2023 11:32 PM | 2 min read
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
Advertorial
Elon Musk could turn X (formerly Twitter) into an updated PayPal, according to a scop by Charles Gasparino, a correspondent for Fox Business News.
What Happened: Gasparino, a correspondent for Fox Business News, revealed that Musk has been in discussions with top Wall Street executives about the future of X (formerly known as Twitter).
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
The Fox journalist suggested that Musk is leaning towards transforming X into a new payment system similar to an updated version of PayPal. This system would offer lower transaction costs compared to credit cards and potentially monetize user information.
“Seems to be settling, they tell me, on a new fangled payment system, updated version of PayPal It will offer low transaction costs (as opposed to credit cards) & monetize user info,” Gasparino tweeted.
This potential move by Musk comes as PayPal recently introduced its own stablecoin, PYUSD, in an effort to fill the gap left by Meta’s abandoned libra, now called diem.
Secure Your Financial Future
Hidden gems are waiting to be found in this market! Don’t miss the Benzinga Insider Report, typically $47/month, now ONLY $0.99! Uncover incredibly undervalued stocks before they soar! Limited time offer! Secure your financial success with this unbeatable discount! Grab your 0.99 offer TODAY!
Advertorial
See More: A Stay At The Floating Palace From James Bond’s ‘Octopussy’
Why It Matters: Earlier, Musk denied rumors that X would launch its own cryptocurrency to compete with popular coins like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP). Instead, Musk has once again professed his support for Dogecoin (CRYPTO: DOGE).
In response to a post about X by Maye Musk, Elon tweeted that “X is a dog & Doge friendly place!”
It remains uncertain as to whether Dogecoin will find a place on X, should it transition into a payment app.
Price Action: At the time of writing, DOGE was trading at $1,650, up 0.17% in the last 24 hours, according to Benzinga Pro.
Photo by Vitalii Stock on Shutterstock
Read Next: Bitcoin, Ethereum, Dogecoin Trade Mixed As Investors Digest Powell’s Hawkish Remarks: Analyst Warning On ETF Approval — ‘The Biggest Discount Of All Time, Or Sh*t News’
Join Benzinga’s Future of Digital Assets in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
Advertorial
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Credit: Source link