The Construct of Fintechnolization and the Expected Musk’s Twitter Digital Bank

Every great digital platform has a stable state of offering a financial solution. I called that fintechnolization: “a construct that every digital platform must have a maturity state of offering a fintech solution. I had watched all great digital platforms on how they ended up providing fintech solutions even when they began in an unrelated sector.” 

The idea that Elon Musk has a digital banking playbook as part of Twitter 2.0 is superb: “Behind Elon Musk’s gamble to turn Twitter Inc. into a company worth more than $250 billion is a beloved idea he has hung on to for more than two decades: digital banking. The billionaire entrepreneur has talked in dribs and drabs about what Twitter 2.0 might ultimately look like under his control. But late last week, he gave employees a taste of how grandiose his plans are, telling them he envisions Twitter being worth more than 10 times its current value of around $20 billion.”

Yes, it has not started this banking future at scale, as LinkedIn News noted: “The idea stems from Musk’s first startup, X.com, which eventually morphed into PayPal. But so far, Twitter has only filed paperwork with the U.S. Treasury to become a payments processor, and has yet to register for a license in states it wants to do business in”

Looking at Chinese digital platforms (Tencent, Alibaba) and US counterparts (Google, Facebook), my conclusion is this: every platform will become a fintech company at the end. So, I do want to see how Tekedia would become an investment club, a lending ecosystem, etc, at the lowest marginal cost, to members and readers in the ecosystem.  This construct tracks the recent trajectories of Facebook and Google. Alibaba and Tencent have validated my thesis as I have studied their evolutions and revolutions in the markets.

Register for Tekedia Mini-MBA (Feb 10 - May 3, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.