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Elon Musk gives X employees one year to replace your bank - ‘You won’t need a bank account... it would blow my mind if we don’t have that rolled out by the end of next year.’ (www.theverge.com)

submitted 1 year ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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“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!

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[–] danhakimi@kbin.social 39 points 1 year ago (1 children)

Lol, yeah, this sociopath is going to develop a full suite of banking services and software in a year while laying off employees, sure.

[–] APassenger@lemmy.world 6 points 1 year ago (1 children)

If they did, would you trust him?

I wouldn't. Ever.

[–] danhakimi@kbin.social 2 points 1 year ago

not in a million years. Not with FDIC insurance or open-source non-custodial crypto wallets or anything like that.