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!

  • elouboub@kbin.social
    111·
    1 year ago

    Despite my distaste for the dude, more competition is good. Imagine if he really does make cheap, near instant, worldwide transfers possible and not just to 150 countries or something, but to all of them. There’s an insane amount of remittance in the system. It’s the entire raison d’être for some banks. If you can enter that ranking around the middle, you’ll be making mad bank.