this post was submitted on 27 Oct 2023
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690
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 [email protected] to c/[email protected]
342 comments fedilink hide all child comments
 

“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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[–] [email protected] 21 points 1 year ago (1 children)

What's next? Company stores? They already have company housing…

Eventually Musk is going to have them buying 'X cookies' and 'X cereal' so that they don't have to pay them real money.

[–] [email protected] 12 points 1 year ago (1 children)

He actually wants to do what WeChat, and a few other mega applications like that do. It works in the east, but we mostly don't want that in the west afaict.

[–] [email protected] 4 points 1 year ago (1 children)

I can see people using it as a go-between to send money to people over twitter or as a small emergency fund thing. Doubt many will use it as their primary bankery.

[–] [email protected] 7 points 1 year ago

I sure wouldn't. Let's even pretend he gets the license to do that, he's shown time and again he'll change the rules with a 2min notice on a whim. I don't need rollercoasters with my finances.