“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”
Well that sounds terrifying!
22 points
*
Somehow services like PayPal manage to avoid being regulated like a bank. I’m sure they’ll clobber cobble together some potentially unlawful solution and not face any repercussions for it.
25 points
12 points
I think because they’re a payment processor. Banks store large amounts of money, make loans, etc.
3 points
18 points
28 points
10 points
4 points
6 points
3 points
-2 points
“Clobber” implies violence, which is somehow even less elegant than the standard phrase that the haphazard “cobble” implies. Given the shitshow of X so far, clobber probably works better even if it’s not the usual way to phrase this at all.
4 points
