Elon Musk gives X employees one year to replace your bank
www.theverge.com
Musk wants your “entire financial life” on his platform.

“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!

  • NuXCOM_90Percent@lemmy.zipEnglish
    67·
    8 months ago

    This will almost definitely have a large “crypto” aspect. Which means the business model starts at unregulated fraud and gets worse from there.

    But yeah, I assume there is a whiteboard at twitter headquarters, smeared with feces, that has

    1. Become bank
    2. …
    3. Too big to fail