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!

  • A2PKXG@feddit.deEnglish
    14·
    1 year ago

    The thing about from financial transactions is:

    a) governments will insist on regulation and influence

    b) the recipient needs to use the same system.

    If my landlord and my brokerage aren’t on TwitterFinance, there’s no way to use it to send them money

    • gentooer@programming.devEnglish
      3·
      1 year ago

      If TwitterFinance is a bank you can just send money via bank transfer, right? The same way I send my friend who uses another bank some euros after a dinner.

      • 𝒍𝒆𝒎𝒂𝒏𝒏@lemmy.oneEnglish
        2·
        1 year ago

        Depends on whether the twitter thing turns out to be a PayPal, Cashapp or an actual bank… if he makes it a Cashapp then direct bank transfers are off the table AFAIK