Snippings

This is what Elon Musk told Twitter staff.

I think there’s this transformative opportunity in payments. And payments really are just the exchange of information. From an information standpoint, not a huge difference between, say, just sending a direct message and sending a payment. They are basically the same thing. In principle, you can use a direct messaging stack for payments. And so that’s definitely a direction we’re going to go in, enabling people on Twitter to be able to send money anywhere in the world instantly and in real time. We just want to make it as useful as possible.
And later offered more detail:

If you can simply have one balance on Twitter that can simply go positive or a negative, and when it goes positive, the interest rate is better than what you could receive elsewhere, and when it goes negative, the interest rate is lower than what you see elsewhere, now you have a much simpler system.

Then you attach a debit card to the Twitter account so that you have backward compatibility into the payments system because not everyone will accept Twitter. So if they have above a certain balance, you automatically send people a debit card. You want backward compatibility to the existing financial infrastructure.

In the US, there’s still a small number of checks that are used. So if your landlord is demanding that you send a check, you have to have some non-zero number of checks. Then we would send a small number of checks to those that need to have checks. Then you add automatic payment. Then over time, you basically address what are all the things that you’d want from a finance standpoint. And if you address all things that you want from a finance standpoint, then we will be the people’s financial institution.

From Everything Elon Musk told Twitter employees in his first company meeting – The Verge:

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Fake QR codes had been stuck to parking meters, disguised as ‘quick pay’ options.

Motorists were asked to scan the code and enter credit card details, but any who did were directed to a fake website.

From Isle of Wight QR parking code scam warning from council | Isle of Wight County Press:

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“The reason novogratz was able to cash out of so much Bitcoin and other crypto related assets was that CNBC gave him and other crypto insiders a one-sided platfrom to constantly pump exactly what he needed to dump. The whales sold as they suckered the minnows to buy and HODL.

From $BTC: Why Peter Schiff Believes You Should ‘Sell Your Bitcoin if You Can’ — TradingView News:

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Robinson described Chen’s concept as creating a carbon standard the way there used to be a gold standard, with units of CO2 serving as the infrastructural underpinning of the economy. One unit would be equivalent to, say, a metric ton of mitigated carbon dioxide (equivalent) for a century. The global currency would be a standard and national currencies’ exchange rates with it would vary. It’s not a “coin” that individuals would bank and shop with.

The idea flips a tax or price on carbon on its head, standardizing carbon as a reward or “carrot” rather than a “stick.”

In theory, a carbon coin would enable businesses and policymakers to place a price on carbon removal efforts that are otherwise hard to quantify. In addition, there’s no need for carbon offsets because direct CO2 removals are happening left and right.

From Can a ‘carbon coin’ save the world? It may be put to the test | Greenbiz:

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When AA Traveller Travel and Tourism (a New Zealand company) reported that hackers stole personal information of customers, their General Manager Greg Leighton said that “much of the data was not needed anymore and should have been deleted“.

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the historic link between rising prosperity and carbon emissions has been broken. Today Britain is a member of a large and growing group of rich and middle-income countries that has severed it. This decoupling has been achieved not through the large-scale deployment of renewable energy—or, indeed, by exporting emissions to poorer countries—but by a change in the relationship between economic growth and energy that is perhaps as significant as those first stirrings of the Industrial Revolution three centuries ago.

From Economic growth no longer means higher carbon emissions | The Economist:

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He then moved on to outline one of the benefits of the new USD 8 monthly Twitter subscription, and how it would tie in with a potential Twitter payments system. Once authenticated into the payments system, Twitter users could hold a balance on their accounts and could send money to other users. Musk even suggested pre-populating those accounts and allowing users to send the money anywhere within Twitter.

To transfer their money out of Twitter, users would need to attach an authenticated bank account to their Twitter account. The final step would be to offer a compelling money market account to get a high yield on the user’s balance, which could then lead to Twitter adding debit cards and checks.

From Elon Musk outlines a plan to bring Twitter into payments – ThePaypers:

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Blockchain could change the carbon credit market from a “fragmented mess”, into a trillion-dollar industry, says tech-business advocate Sandra Ro.

Ms Ro, chief executive officer of Global Blockchain Business Council, took part in a panel on the future of technology, on the final day of the Bermuda Tech Summit 2022.

She said that when the carbon market was developed everyone built according to their own rules and according to their own local markets, creating both a trading problem, and a credibility problem.

“There are still issues around phantom credits and whether something issued ten years ago, can still be used or should be retired,” she said. “Blockchain could be potentially very good at tokenising all of that and creating it under an interoperable way that would link the markets together, and could be trusted, verified and tradable.”

From Nature-based tokens could become a new form of currency – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community |:

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Max Neukirchen, head, payments and commerce solutions, JP Morgan Payments states: “While Pay-by-Bank is not new to the industry, our collaboration with Mastercard, a long-time trusted partner, will make our approach differentiated.

“Our solution will offer a number of benefits. For our clients, it will minimise the risk of returns from an insufficient balance – through advanced analytics, we are creating a feature that will help clients determine the best time to initiate a payment.

From JP Morgan and Mastercard unveil Pay-by-Bank service:

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Moreover, the younger and wealthier consumer demographics — those who are most sought after by merchants and financial institutions (FIs) – have the greatest interest in trying new payment methods, such as online bank transfers. This may indicate the opportunity awaiting merchants that facilitate the usage of this payment method.

From Bank Transfers Make the Leap to Retail Sales:

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