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X Money can now grow on trees- because payouts count as qualifying direct deposits, which helps Premium users unlock 6% APY on their deposits. If you only deposited $5000 every year for 5 years, your money grows to $29,877 My father used to say: gũtirĩ mbeca niini. Save your...

44,632 görüntüleme • 12 gün önce •via X (Twitter)

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Elon Musk just quietly launched a bank inside X. 6% APY on deposits. 3% cashback on purchases. But almost no one understands what this actually means... Here's what everyone is missing about the June 25 update, and why PayPal, Cash App, and Venmo just got put on notice: X started rolling out X Money to a small group of U.S. Premium+ users. This is the product Musk has been talking about since he bought Twitter: The "everything app." Social, payments, transfers, eventually broader banking. Peer-to-peer transfers powered by Visa Direct for near real-time settlement. A metal Visa debit card. For context, the national average savings rate in the U.S. is well below 1%. The highest yield on the typical big-bank checking account is roughly 0%. X is offering 6%. That number alone is enough to make every consumer fintech CFO in America uncomfortable. Now look at the regulatory groundwork most coverage skipped. X has secured more than 25 money transmitter licenses across U.S. states. That is the legal foundation for operating payments at national scale. It takes years to assemble and millions in legal and compliance work. Musk has been quietly doing that work for two years while critics insisted X was a dying ad business. Here's what the media keeps missing: X Money is designed to make X the place your money lives. Once your paycheck lands in X Money, your savings earn 6%, your card lives in the app, and your transfers happen inside the same feed where you read the news, the math of leaving gets ugly. PayPal doesn't have a feed. Cash App doesn't have a social graph. Venmo can't offer 6% APY without bleeding cash. X is the only consumer platform on earth that can run a social network and a banking product through the same login. For 20 years, you've logged into your bank, your brokerage, Venmo, and your social apps separately. X is collapsing all of that into one login. This is the WeChat playbook. Payments, transfers, commerce, and social all inside one app. WeChat now processes trillions in payments annually inside China. Musk has said publicly that WeChat is the model. Most people dismissed it as hype. Retail investors look at headlines and react. The wealthy look at the rails and position. A 6% APY launching inside a global social platform is a signal about where consumer finance is going. You can scroll past it and assume it doesn't matter to your portfolio. Or you can run a system that pays attention to structural shifts instead of headlines. Surmount helps you automate your investments with rules-based strategies built on data, not narratives...

Logan Weaver

258,971 görüntüleme • 2 ay önce

Starbucks is the largest unregulated bank in America. They are hoarding almost $2 billion of your money. And it's completely by design. They don't just sell coffee. They've built one of the largest legal money schemes in history... Right now, Starbucks is holding $1.85 billion in gift card and app balances. Money that customers loaded but never spent. To put that in perspective: 85% of US banks have less than $1 billion in total deposits. Starbucks holds more customer cash than most actual banks. But here's the difference: Banks pay you interest to hold your money. Starbucks pays you nothing. Banks have to keep cash reserves in case you want to withdraw. Starbucks just needs to stock coffee and muffins. Banks are regulated by the federal government. Starbucks answers to no one. The CEO of South Korea's third-largest bank said it publicly: "Starbucks is an unregulated bank, not a coffee company." So how did they build this financial empire? It started with gift cards in 2001. Simple idea: load money, buy coffee later. But Starbucks noticed something interesting. People weren't redeeming all their gift cards. A $25 card might have $3.47 left on it forever. That leftover money? Pure profit. They call it "breakage." In 2024 alone, Starbucks made $207 million from money people loaded but never spent. Free money. No coffee served. But they didn't stop there. They engineered the entire system to maximize breakage. First, they made gift cards year-round items instead of just holiday gifts. Then they launched the Starbucks app. The app forces you to pre-load money before ordering. You can't just pay $6.84 for your latte. You have to load $10 minimum. Now you've got $3.16 sitting in their system. That's not a bug. That's the business model. Then they added auto-reload. Set it up once, and Starbucks automatically charges your card whenever your balance drops. Money is flowing in constantly. Most people forget it's even happening. Then they added rewards. You earn more points by paying with your Starbucks balance than with a credit card. So you're incentivized to keep money locked in their system. The trap is airtight. A consumer complaint filed in Washington State called it an "involuntary subscription." Their exact words: "This Catch-22 traps customers in a cycle that resembles an involuntary subscription." You load money to buy coffee. You have a leftover balance. You come back to use it. You load more money. The cycle never ends. Think about what Starbucks actually built: They collect billions in deposits. They pay no interest. They have no withdrawal obligations. They keep 10-13% of all deposits as pure profit. They're not regulated as a financial institution. Any bank would kill for this model. But they'd go to prison for trying it. Starbucks does it in plain sight....

Zyan

269,570 görüntüleme • 9 ay önce

a story fourth never told before 😂🫳🏻 #THEINTERVIEWxFOURTH 4️⃣: level 3 - money. hey we’re talking about money too? i like talking about money 🎙️: how old were you when you first got into debt? 4️⃣: when i was a kid, my mom rarely gave me money to take to school. its not that we didnt have money but my mom was forgetful and liked waking up late. whenever i went to ask her for money, she’d still be sleeping and she’d be like, “go first!! go first!! borrow from your friends, borrow from your friends.” 😂 that’s what caused me to get into debt from a young age 4️⃣: at my school, if you wanted to pay for food or drinks, you had to use a card. it was called a smart purse. whenever it was time to tap my card, there’d often be no money left on it. bc my mom didnt give me money every morning. she would give it to me once a week but i wasnt very good at managing money, so id spend it way too quickly. that’s why i had to borrow from my friends. my debt record back then was around 2,000 - 3,000 baht in just a week. and my friends would say, “hey fourth why havent you paid me back? you come borrow from me every single day every day every dayyy.” stuff like that 4️⃣: that was the first time i got into debt in my life. and i was embarrassed too bc i didnt have money to pay people back. do you know what i did? i had to borrow money from another person to pay back someone else (😭😂) there were only about fifty or sixty students in my class, so everyone knew that fourth borrowed from this person to pay back that person! that was one of the embarrassing things from my childhood (😭🫳🏻) my mom would say it was good. shed say, “good bc you’ve gotten to experience life.” mae pui 😂😂😂😂 mom said, that’s good. we need to know how to manage people. we need to know how to borrow money from people 4️⃣: his name is titan 😂 thank you very much titan. even now we share a netflix subscription. i still owe him money. i completely owe him. i forgot to transfer the money to him (😂🫳🏻) and ive owed him for six months already. sorry for still owing the netflix money, i’ll pay it soon 😂 if you see this clip, thank you very much. from childhood until now, you’ve always lent me money. i’ll repay you.. thank you very much. he reminds me every day and i’m always like, hei!! ive been busy working. i dont have time😂 even tho it isnt that much, just a few hundred baht. but i also owe him for pork leg rice. now its around four to five thousand baht. i still havent paid him back at all😂

𝗚𝗲𝗺 𝗙𝗼𝗿 𝗠𝘆 𝗙𝗼𝘂𝗿𝘁𝗵🌻

25,452 görüntüleme • 3 ay önce

🧵 The "poor" who refuse to borrow money fund the "rich" who do. The individuals whom you mock as "poor" are, in fact, subsidizing the lifestyles of those who take out interest loans such as mortgages. Let me explain: I understand your perspective on the phrase "debt is good." I am aware that within the existing financial framework, often referred to as the Central Banks Fiat System or The Riba System, individuals can procure loans / borrow money with interest. They can then utilize these funds to acquire hard assets that gain value over time. This philosophy is advocated by figures such as Robert Kiyosaki and various others. However, a challenge emerges for devout Muslims who uphold their faith conscientiously. They abstain from participating in such contractual agreements due to their religious convictions, as these contracts are deemed prohibited by God, given the widespread detrimental effects they impose on the majority of humanity. Consider the words of Professor Saifedean Ammous Saifedean Ammous: "Borrowing money imposes a tax on society while offering a subsidy to the borrower. In the current fiat-based monetary system, a Muslim who opts not to engage in borrowing money due to religious convictions against usury / interest effectively subsidizes everyone else that does borrow money. Essentially, they are paying to support others through this subsidy." "The conclusion of the fiat system is that you need to short fiat as much as you can; that's a smart, winning move. Human wisdom over thousands of years is to save. Try not to borrow as much as you can and attempt to accumulate as much savings as possible. This concept is reversed under the current fiat system: if you're saving money, you're essentially subsidizing everyone else taking on loans. The winning move under the current fiat system, which is what rich people do, involves borrowing. Under the fiat monetary system, wealthy individuals don't hold a significant amount of cash. For example, if you're worth a billion dollars today, you wouldn't have a billion dollars in a checking / savings account. Instead, you might have around $100,000 to $1,000,000 million, which is just a small fraction of your wealth in cash, while the majority is invested in various hard assets. The wealthiest individuals in the world are also the biggest borrowers, and this applies to powerful entities like governments as well. This is how they become the richest and most powerful, as every borrowing instance provides an excuse for banks to print new money, which devalues everyone else's currency. Those who borrow also get a cut of this new money. For instance, if you were planning to purchase a house with your savings, your accumulated savings would lose value. On the other hand, if you were to buy the same house with credit, the bank's issuance of new money would make it more cost-effective. This is why people tend to buy everything on credit. The way we create fiat money is through credit creation. Most people think of fiat money as something that happens when the government prints money, and we still use the term "government's printing money." However, the vast majority of fiat is not physical. In fact, in the US, it is not created when it is physically printed; it's created when it is lent. So when you go to a bank to get a $1 million loan to buy a house, that bank is not going to give you a million dollars from its own money or its depositors' money. Instead, they will create a fresh new $1 million. When you walk out of that bank, the money supply is increased by $1 million to finance your home. Therefore, fiat money is essentially born out of government credit and the credit of banks backed by the Central Bank and the government. If you are part of the institutions that are granted the privilege of issuing fiat through loans backed by the Central Bank , you effectively create new currency and new money every time you issue a loan."

Akbar Zab

173,325 görüntüleme • 3 yıl önce

Some millennials have been working for 20 years and are still confused by corporate 😂 For those who are still in the dark let me fill you in. Your performance doesn't matter. Your performance review doesn't matter. Your compensation has been set by a budget committee a year ago. You are not "overachieving" anything. Management has a fixed pool of money to pay the people they manage so they can give them raises less than inflation. If they give you more money, they have to give someone else less money. It's a zero-sum game. Managers actually have a larger pool of money to hire new employees because corporations recognize that new hires need to be incentivized to come over. They won't just leave their company for the same money. If you've been at the same company for 5 years you are underpaid. If you've been at the same company for 10 years you are paid less than a new hire at a competitor. Loyalty doesn't matter because there is no reason for a company to voluntarily pay you more money. Corporations already know that over 95% of employees will not go anywhere and will take whatever they get. Even if that's nothing. There's no reason to pay everybody more money when only a tiny percentage of workers will leave. Even if you leave... (remember over 95% of employees will not) ... the corporation will distribute the work you were doing among all your coworkers. And they will take on the extra work. And they will stay. For nothing. Because in addition to a salary, what an employee wants is to not have to look for a new job. That's all the want. They don't want to move anywhere. And companies know it, and they will take advantage of that. Now you know! You're welcome.

Lazy Canadian Investor

66,816 görüntüleme • 2 yıl önce

What is an Automated Market Maker (AMM)? ************* Notes: The video is attached. Links to the shorts on other platforms are in the second Tweet. Voting on fees using your LP tokens is limited to the 8 biggest LP holders. For auctions, the discount gets you close to 0% but not effectively 0%. The math example couldn’t exist in reality based on G3M. It is just an example to explain the process. ************* Imagine a robot (AMM) that's always ready to help you trade your money (assets) with others on a special online platform (the XRP Ledger's decentralised exchange). This robot doesn’t need to find someone else to take the other side of your trade; it just makes the trade happen using a big pot of money (pool) it manages. How Does it Work? Trading: You can swap one type of money (asset) for another anytime you want, using the robot’s pot of money. The robot uses a special formula to decide the swap rate. Creating a Pool: Anyone can create a new pot of money for two different types of assets if it doesn’t exist yet, or add to an existing one. Rewards for Pool Creators: People who add money to the pot (liquidity providers) get special tokens (LP Tokens) as a thank-you. These tokens can be used to: • Get a share of the money in the pot back, along with some extra (fees collected). • Have a say in changing the robot’s settings, like trading fees. • Bid to get a temporary discount on trading fees. Risks and Rewards: If many people are swapping money and the pot stays balanced, the people who added money to the pot earn some passive income from the fees. But, if the value of the assets changes a lot, they might lose some money. More Technical Bits: Exchange Rate: The robot adjusts the swap rate based on how much each asset has in its pot. If it has a lot of one asset, that asset becomes cheaper to swap. Trading Fees: The robot charges a small fee for each swap, which goes to the people who added money to the pot. Voting on Fees: People with LP Tokens can vote to change the trading fee; the more tokens you have, the more your vote counts. Auction Slot: There’s a special feature where you can bid to get a discount on trading fees for a day. You bid with LP Tokens, and if you win, you (and up to 4 friends) pay no trading fees for 24 hours. LP Tokens: These are special tokens you get for adding money to the pot. They can be traded, used to vote on fees, or redeemed to pull your money out of the pot. Deleting an AMM: If all the money gets pulled out of the pot, the robot (AMM) gets deleted. But, it can be recreated by adding money to the pot again. In a Nutshell: An AMM is like a robot banker that helps people easily swap different types of money using a big shared pot. People who add money to the pot get special tokens and can earn fees from the swaps, but there are some risks if the market changes a lot. They can also vote on settings and bid for fee discounts. If the pot empties, the robot goes away but can be brought back by refilling the pot. Let’s look at an Example: Step 1: Creating a Money Pot with the AMM Robot Alice creates a new money pot (AMM) using the robot. She chooses two types of money: US Dollars (USD) and XRP. She puts in: 1000 USD 10 XRP In this example, we assume an exchange rate of $1 per XRP for easy math. Alice gets special tokens (LP Tokens) from the robot as a thank-you for adding money to the pot. These tokens prove she added money and can be used later to get her money back, plus some extra if the robot earns fees. Step 2: Bob Makes a Swap Bob wants to swap his 100 USD for XRP. He doesn’t have to wait for someone to take his offer; the robot does it instantly using the money in the pot. The robot uses a formula to decide how much XRP Bob gets for his 100 USD, ensuring it's a fair rate based on how much USD and XRP are in the pot. Step 3: Earning Fees The robot charges Bob a small fee, let’s say 1%, for convenience. So, Bob pays 1 USD as a fee, which stays in the pot. Now, the pot has more money than it started with, which is good for Alice because she can earn that extra when she uses her LP Tokens. Step 4: Alice Withdraws Her Money After some time, Alice decides to take her money out of the pot. Thanks to the fees the robot earned from Bob and others, the pot has grown to: 1101 USD 9 XRP Alice uses her LP Tokens to claim her share of the money in the pot. If she puts in 100% of the original money, she gets 100% of what’s in the pot now, including the extra earned from fees. Step 5: Voting and Discounts Alice can also use her LP Tokens to vote on things, like changing the robot’s fee. And, if she wants a discount on fees, she can bid for a special 24-hour discount slot using her LP Tokens. Conclusion In this example, the AMM robot helped Alice earn extra money by providing a convenient way for Bob to swap his USD for XRP. Alice took on some risk by putting her money into the pot, but she earned fees from Bob’s and others’ trades as a reward. Bob enjoyed the convenience of instant, hassle-free trading. And the AMM robot managed it all automatically!

Daniel "CEO of the XRPL" Keller

238,486 görüntüleme • 2 yıl önce

We saved our customers over $1.3 Billion in 2025 alone. That value has helped Airwallex reach $1.2 Billion in ARR, growing 85% YoY. deel, McLaren Mastercard Formula 1 Team , Bolt and 200,000+ other customers trust us because legacy banking wasn't meant for global businesses: • Opening a bank account in a new country takes weeks • SWIFT transfers take 3-5 days • Other platforms convert your money even when you don't want to But with Airwallex you can: 1. Open an account and get paid like a local in 70 countries Most platforms force you to convert your money into your currency and charge you a conversion fee to do it. With Airwallex, your UK client pays you in GBP and it sits in your GBP balance. Your Australian client pays in AUD and it sits in your AUD balance. When you need to pay a UK vendor or run Australian payroll, you can simply pay from the same currency in your Airwallex account which leads to zero conversion fees. 2. Send and receive money on the same day SWIFT takes 3–5 days and hits you with unpredictable fees on every transfer. But over 90% of Airwallex transactions happen on the same day. Since Airwallex uses local rails to move your money, it also happens at near-zero cost. 3. Issue multi-currency cards instantly Airwallex helps you issue multi-currency cards to your employees across the entire world. And every transaction is automatically synced to your accounting system in real-time. 4. Integrate Airwallex in your product SaaS platforms and marketplaces can also use our APIs to offer these financial services to their customers. In fact, many companies are doing it already. But this is just a glimpse of what Airwallex can do. We’re building the all-in-one financial stack your company will ever need. If you're doing $50M+ in revenue, you could save up to $500k in fees. And that's money back into your business. Sign up for a demo here:

Jack Zhang

2,074,616 görüntüleme • 6 ay önce

Elon Musk quietly launched an app that pays 6 percent on your money. On June 25, X Money went live for premium subscribers in the United States. Within hours, a user named Cory posted that he sent $25 directly to Musk, the richest man in the world, just because he could. Musk's entire reply was thanks. That tiny payment was the opening bell. Here is what is actually live. Deposits earn 6 percent with no minimum, while a typical high yield savings account pays four and a half, maybe five. Treat the six as a likely promo rate. There is a black metal Visa card engraved with your X handle: 3 percent cash back, no foreign fees, free ATM withdrawals. Your money sits at a real regulated bank in New Jersey, insured up to the standard $250,000, and the app can spread bigger balances across a network of banks until you are covered up to $10 million. That is 40 times the normal limit. The scrutiny is real too, and worth knowing about. Senator Elizabeth Warren has already sent a letter asking how X can afford the rate, and New York, the biggest financial market in the country, is still reviewing X's license. Why it matters: a platform with hundreds of millions of users just stepped directly into payments and banking services. Most fintech startups spend a decade fighting for distribution. X starts with it on day one, and money that lives inside a social app behaves differently: it moves faster, between more people, for more reasons. What it means for you: if you try it, know where the yield comes from and treat promo rates as temporary, because they usually are. The bigger signal is money moving onto social platforms. Watch where these payment rails connect next, because payments are how every super app begins. Follow for the next breakdown. Use the AI system to take advantage of moves like this at

Alexander Lorenzo

173,604 görüntüleme • 2 ay önce