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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] 13 points 1 year ago

Even Apple with its $165 billion cash reserves opted out of becoming a bank to create the Apple Card. They have Goldman Sachs to do the banky stuff. I can't imagine trying to do this with X's resources.