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Firms like Visa, Mastercard, Barclays and JPMorgan Chase are expanding hubs and accelerators as technology experts look for new jobs and entrepreneurs look for new ideas.
Musk's public statements provide a rough road map for the creation of a financial services business. Social media sites has been down this road before.
The payment company spent years integrating and updating products from iZettle, a European fintech it bought in 2019. The product's U.S. launch was drowned out by former PayPal bosses David Marcus and Elon Musk roasting the firm over its planned disinformation policy.
The ride-sharing company is partnering with Mastercard Marqeta and Stride to offer expanded incentives, payments, cash management and benefits for contract workers through a "pro" debit card.
Second-amendment supporters fear that the change could lead to a national gun registry, but Visa said the code doesn't track individual firearm purchases.