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!

  • anlumo@lemmy.worldEnglish
    14·
    1 year ago

    That’s actually pretty genius, if he’d be able to pull that off (which he most likely can’t). Since banks can invent money out of thin air, he can pay his employees in fictional Dollars and so save a ton on employment expenses. As long as there’s no bank run, he’d be fine.