Vlad Masslove's Reactions
Twitter has started seeking regulatory licenses in the US and is developing software to introduce payments on the platform. Twitter CEO Elon Musk has said the system will be first and foremost a fiat currency system, but it will include crypto functionality.
Allowing payments through the microblogging platform is reportedly a critical part of Elon Musk’s plan to open up fresh revenue streams for it. The platform’s $5 billion-a-year advertising business has cratered since Musk acquired the platform.
Musk has said he wants Twitter to offer fintech services such as peer-to-peer transactions, savings accounts, and debit cards. The features are a part of his plan to launch an “everything app” that combines messaging, payments, and commerce.
In a May pitch deck reported on by the Financial Times, Musk stated his goal of generating $1.3 billion in payments revenue for Twitter by 2028. The move into payments will see Twitter face significant regulatory oversight.
Companies involved in money transfers, currency exchange, or check cashing must report unusual activity to authorities. To monitor for fraud and suspicious transactions, user accounts must be tied to a user's identity, said Lisa Ellis, a payments expert and senior equity analyst at research company MoffettNathanson.
#Twitter #crypto #NewsThis is a turn point in the history it seems. Now we can all start thinking that history is also going in circles...globally.
Live stream to show you how to use Sound Particles to start projects.
Beginning at 19PM CET.
#SoundParticles #spatialaudio #MusicFans to communities and the expression of value by Music X.
#MusicIndustry #Community #NFTMusically adds to this and UMG says: “I must remind you, 11 or 12 years ago, no one had heard of Spotify in the United States...". If you know the story of #Spotify it is quite interesting to know how this "breakthrough" had happened.
#MusicBusiness #majorlabels #independent #indie #MusicMedium.com (https://me.dm/@medium) launched a #Mastodon instance.
"Medium has somewhere between 85 and 100 million monthly active users".
https://blog.medium.com/medium-embraces-mastodon-19dcb873eb11
This letter seems very logical from #majorlabels point of view. Every corporation needs to grow at YTD sales and profit rate each year. And as soon as something starts to change then the #MusicBusiness model requires a change again...for the sake of competition.
The UK trade association for entertainment retailers released its annual estimates for the UK entertainment market, showing strong growth for video but less impressive increases for music and games by #Midia research.
#MusicIndustry #MusicBusiness #Streaming #Film #GamesPublMe is your new friend. The creative monetization digital agency platform and The Musicverse to connect. For Everyone. Really.
We have updated the fee-free Music Distribution code. Join our movement and Enter The Space.
Merry Christmas and Happy New Year! 💫🌌🎄❤
#PublMe #Space #Music #Distribution #Agency #artists #musicproduction
26th of December the Space UI update has been made and now there are most main important features highlighted in menus
To check all the features you've seen before and partners/opensource/free projects we feel important please open your Control Panel and search for more.
"With a 2023 set to be a challenging year for the global economy, it is a good time to look at how the music industry has performed in the year to date."
#MusicBusiness #MusicIndustry"You can automate later. Focus on innovating."
