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!

  • hh93@lemm.eeEnglish
    161·
    8 months ago

    Not to mention identity fraud already being commons there

    For sure fraud won’t be totally rampant…

    Also I think the hardest part of being a bank is the shitton of regulations (especially in Europe) and not the software.

    Twitter might need to hire a lot of experts and lawyers in that field to make it work.

    Also banks are all about trust - and that’s precisely what Elon lost for most people in the last year