ram palaniappan

Reimagining the way money works.

CEO and Founder of Earnin.

[ram palaniappan @ram180]

Still debating the economics of a 10% APR credit card?
There’s already a 0% APR option available- with no late fees and no credit check.
It’s called Live Pay, by @earnin

[ram palaniappan @ram180]

That’s Correct. 😎 #earnin

[ram palaniappan @ram180]

My FSD $TSLA took a liking to this #Cybercab and drove behind it for a bit this morning.

[ram palaniappan @ram180]

.@jonmvdavis of @uoregon studied 1M+ @earnin
customers. We didn’t know what he’d find, but it’s clear—and matches what customers say: when people can access pay when they need it, wherever they work, incomes rise by $334/month.
https://t.co/31Ifa6QCiM

[ram palaniappan @ram180]

People work every day, and still wait to get the money they’ve already earned. That’s a system failure. More on this issue, and how @earnin is solving it, in a recent conversation with @bhorowitz and @eriktorenberg.
https://t.co/nNbIWiz8Uv

[UConn School of Public Policy @UConnSPP]

A @UConn & #UConnSPP study shows the negative impact of CT eliminating instant earned wage access (EWA) for workers. 2/3 of the research sample said instant EWA had positively impacted their finances. Read the study online https://t.co/j11BbZgFNB
@kerri_raissian @JNecciDineen

[ram palaniappan @ram180]

Ironic, isn’t it? People finally find a way to get back on their feet & the system pulls the rug out. Y does policy always seem 2 protect the status quo instead of people who need real solutions? 📷Read about the daily struggles of cash-strapped Americans
https://t.co/av5vZtmsgW

[ram palaniappan @ram180]

@elonmusk Was the CA #earthquake actually just a large trillion dollar govt check bouncing. #govtdebt

[ram palaniappan @ram180]

In November alone, @earnin's systems enabled access to over $1.5 billion in wages, as we continue to test and improve new products designed to give people more control over their financial lives.

[ram palaniappan @ram180]

Inflation isn’t just economic—it’s cultural.
We’re witnessing a ~$2 Trillion wealth transfer from those tied to the old system to those embracing new tech like Bitcoin. Savings lose value with all the money printing. Bitcoin, with its finite supply, gains.

[ram palaniappan @ram180]

All eyes have been on DC recently. @EarnIn is making a real difference for working Americans there. In 2024 alone, EarnIn has helped DC customers avoid on average $781 in overdraft fees.

[ram palaniappan @ram180]

How did I get started at @earnin ?

I never set out with the intent to start a company.

At my previous company, I heard that some of the employees were running into overdraft fees and payday loans.

When I asked one of them about it, it was not because she weren't being paid enough, but because she couldn’t wait until the following Friday to get paid.

We couldn't get the payroll system to pay her for days she had already worked. So I paid her out of my own pocket.

I soon realized that other employees had similar issues, so I started doing this for them as well. Then it hit me. It’s a systemic issue affecting millions of people.

That was how EarnIn came about.

[ram palaniappan @ram180]

So moving to read stories about how Earned Wage Access and @earnin help people manage financial challenges like the cost of healthcare.

https://t.co/sJQr9gSDHf

[ram palaniappan @ram180]

Another hypothesis to test.: Are people better off if money moves faster?

If money can be moved faster, should the GDP increase?
Money Supply * Velocity of money = GDP

[ram palaniappan @ram180]

Excited that @EarnIn made a $2.99 expedited transfer fee possible!

https://t.co/7DkWhzUBmQ

[ram palaniappan @ram180]

The different temporary IDs would point to the same person. It's like having many phone numbers that all ring on the same phone.

Apple does something similar - when you add a card to the wallet, the merchant gets a different number each time, but they all authenticate against the same card.

[ram palaniappan @ram180]

What’s the cost of our outdated digital infrastructure?

Look at Social Security numbers - lifelong and unchanging ID numbers.

Instead imagine temporary, revocable IDs that work only for the specific company you gave them to. You could retire IDs you don’t want used again and get alerts for any use. This would greatly reduce ID theft.

The tech exists, but will the government solve the problem?

#IDTheft #DigitalSecurity

[ram palaniappan @ram180]

Fiat currencies (like the $) might be the ultimate secret monopolies.

If you had to choose a store of value, would you choose:
- Fiat currency where the supply (and price) is determined by a group of people making subjective decisions
- Gold, where the supply is constrained by physics and chemistry.
- Bitcoin, where the supply is algorithmically determined and programmatically enforced.

Oh wait, you cannot choose. The controllers of fiat currency regulate banks.  And banks are not allowed to let you save in Gold or Bitcoin.