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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 2 years ago by [email protected] to c/[email protected]

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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!

(page 7) 50 comments

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[–] [email protected] 0 points 2 years ago (1 children)

Something about this doesn't seem right can't put my finger on it

[–] [email protected] 0 points 2 years ago

you can't?

[–] [email protected] -3 points 2 years ago (1 children)

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.

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