2y ago

X is just PayPal 2.0

33 comments

Venmo is PayPal 2.0 (and owned by PayPal). X is a distant 3, 4, or 5 place.
X is that failed PayPal intiative that people have forgotten.
Let's call it PayPal 0.01
Jinkies!
And PayPal is just X 2.0
- I wouldn't even say that much. They bought out x.com as a competitor and threw their garbage code in the trash
  Confinity already had payments between palm pilots back in fucking 1998, before x.com even existed
  
  Palm Pilots seemed so futuristic back then.
Alternative to paypal are always welcome.
What the hell is X? I feel out of the loop, as always.
- As of now? Nothing other than twitter.
  Musks plan is for X to basically be the wests version of WeChat.
  https://en.m.wikipedia.org/wiki/WeChat
  
  Which is weird since the US Fed is now trialing a direct transfer service, and you're a lot of dead boomers and genXers away from dethroning V/MC/Amex from their ubiquitous payment networks. There's nothing you can do on the consumer side to make fund transfers cheaper or more attractive (reward systems already pay consumers to use cards) and also get vendors on board (who hate the 2.5-2.8% they already pay; they're sure as shit not going to pay you more than the going rate). Plus, given how poorly the code at Twitter was managed, you'd have to be an idiot to trust X with your money.
Not really a bad thing, is it? What’s the problem with having another competitor?
- Because it's not a competitor
  
  Yet. It's not a competitor yet. Musk has been open about working towards making it a competitor.

33 comments