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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 [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!

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[–] [email protected] 9 points 1 year ago (9 children)

I dunno, it has 200M active users, doesn't it? Wouldn't surprise me if "free bank" popped up in their face a few times a week with "free transfers" and "guaranteed best interest rates".

[–] [email protected] 18 points 1 year ago (4 children)

For parts of the world 'free bank' and 'free transfers' are just the norm anyway. I'm amazed it isn't the case in the US already.