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!

  • WuTang @lemmy.ninjaEnglish
    53·
    1 year ago

    This is also Apple’s goal, strange they didn’t pass the cap yet. Paypal was the first “digital” bank, we owe him that but to be honest, i won’t put my money in a US entity. It is already difficult with most of the digital only EU banks.

    • ours@lemmy.worldEnglish
      28·
      1 year ago

      Don’t give him too much credit for PayPal. Yes, he was involved in one of the companies that ended up in Paypal and was fired from it. Back then he was already pushing his “X app”.

        • ours@lemmy.worldEnglish
          9·
          1 year ago

          No worries, Elon fought hard to create the illusion that he “founded” PayPal and Tesla and that he’s such a genius and now he’s doing his best to demolish that image with Twitter.

    • kiwifoxtrot@lemmy.worldEnglish
      21·
      1 year ago

      He isn’t responsible for PayPal. His company, X.com, merged with PayPal and he was ousted after a short period of time. PayPal already existed before he was involved.