Elon Musk is always in the news for his bold and out-of-the-world visions, whether it be exploring space by reducing tremendous costs by introducing reusable launch vehicles or introducing the Boring company. Now, as he has taken over Twitter, he is planning to do something like that, twitter is getting into the payments business. And the person of the year (not in a good way!), SBF is not looking to step down from the news updates, now the update is he is trying to ‘improve relationship' with the potential witnesses against him.
1. Twitter Entering Payment Business: Started Applying for Regulatory Licenses
Twitter is one of the largest social platforms in the world, and probably the only place where courts subpoena people. And one more thing Twitter is famous for its controversial discussions. But this time Twitter is in the news for something else, it is reported that Twitter is exploring its business and getting into the payment business. It will be very interesting to see how things roll out for Twitter with other competitors.
According to some of the reports, Twitter will start with the fiat payment systems and later add cryptocurrency support. If Twitter manages to integrate crypto payments into the system then it can be speculated that it might support Dogecoin along with some other blue chip coins. But things won’t be easy at the regulatory level for the integration of the crypto payments in the system, so it is not very likely to see them in near future. But the company has started applying for regulatory licensing, after which it can officially get into the business.
Even though the road for this integration is long and it might take years, the way things are moving towards crypto adoption regardless of the bear market is a positive sign that crypto is here to stay. But make sure you are on the right side of the crypto, consider holding solid coins instead of trying your luck on shitcoins.
2. SBF Trying to ‘Improve Relationship’ with Potential Witnesses: Witness Tampering?
Sam Bankman-Fried aka SBF the former CEO of the bankrupted crypto exchange is on $250 million bail right now and under house arrest. Recently, the prosecutor claimed that the SBF is trying to contact former employees who could be witnesses against him. According to the letter from the prosecutors, SBF has tried to contact them through the Signal app, and texted as –
“I would really love to reconnect and see if there’s a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.”
I mean seriously dude! He is trying to build a ‘constructive relationship’ after such destructive actions, and he seriously needs some help. But apart from SBF, I feel sorry for his lawyers, how can you defend the guy? Now the prosecutors requested to change SBF’s bail contract and asked to include a term that mentions he is not allowed to contact former employees. The decision depends on the court but it will be really interesting to see what new turns this case gets, which I am sure will take!
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