this post was submitted on 27 Oct 2023
692 points (86.1% liked)

Technology

68400 readers
2295 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws
692
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 AnActOfCreation@programming.dev to c/technology@lemmy.world
343 comments fedilink hide all child comments
 

“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!

you are viewing a single comment's thread
view the rest of the comments
[–] popemichael 21 points 1 year ago (1 children)

What's next? Company stores? They already have company housing…

Eventually Musk is going to have them buying 'X cookies' and 'X cereal' so that they don't have to pay them real money.

[–] Yawnder@lemmy.zip 12 points 1 year ago (1 children)

He actually wants to do what WeChat, and a few other mega applications like that do. It works in the east, but we mostly don't want that in the west afaict.

[–] RickyRigatoni@lemmy.ml 4 points 1 year ago (1 children)

I can see people using it as a go-between to send money to people over twitter or as a small emergency fund thing. Doubt many will use it as their primary bankery.

[–] Yawnder@lemmy.zip 7 points 1 year ago

I sure wouldn't. Let's even pretend he gets the license to do that, he's shown time and again he'll change the rules with a 2min notice on a whim. I don't need rollercoasters with my finances.