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 9 months 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

[-] systemglitch@lemmy.world 46 points 9 months ago

It's strange, because I wouldn't, not even for a moment, ever in my life consider this.if I feel this way, so does a large chunk of the population.

So its already failed imo.

[-] onlinepersona@programming.dev 9 points 9 months ago

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".

[-] Rokk@feddit.uk 18 points 9 months ago

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.

[-] DaBPunkt@lemmy.world 4 points 9 months ago

They still use paychecks…

[-] CileTheSane@lemmy.ca 2 points 9 months ago

Not the only thing they're stuck in the past on...

[-] clay_pidgin@sh.itjust.works 2 points 9 months ago* (last edited 9 months ago)

What is the alternative to a paycheck? Most Americans get the money deposited directly to their bank account anyway, there's no actual paper check involved.

[-] 9point6@lemmy.world 1 points 9 months ago

It's always crazy to be reminded this. The banks make money from your savings and your debt with them, they don't need to be double or triple dipping on charging you for the privilege of letting them do that or sending it to somewhere else to do the same

[-] systemglitch@lemmy.world 8 points 9 months ago

I hope you are wrong, but you make a great point

[-] Omega_Jimes@lemmy.ca 4 points 9 months ago

It's actually wild to me,as a Canadian, how this isn't a thing in America. Interac blows away my American friends on a constant basis.

[-] MajorHavoc@lemmy.world 3 points 9 months ago

Good point.

I dunno, it has 200M active users, doesn't it?

It's hard to be really sure, because we know there's a staggering number of bots.

But I suppose even if the real number is a fraction of that 200M, it's still a huge number of users.

[-] HerrBeter@lemmy.world 2 points 9 months ago

Before I deleted I had 20 followers, and 15 being bots

this post was submitted on 27 Oct 2023

692 points (86.1% liked)

Technology

57226 readers

4186 users here now

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

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS