this post was submitted on 27 Oct 2023

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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

337 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!

(page 3) 50 comments

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[–] coffee_poops@sh.itjust.works 15 points 1 year ago

Ugh, I honestly do not trust Musk to meet federal regulations for any of this.

[–] A2PKXG@feddit.de 14 points 1 year ago (3 children)

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

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[–] SamXavia@kbin.run 14 points 1 year ago (2 children)

Seems like he is going ahead with the X "The Everything App" idea. I'm glad I use parts of the Fediverse and hope to build my own instance at some stage as I really don't want people like Musk owning my data let alone charge me for it and control my money.

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[–] turbonewbe@lemm.ee 12 points 1 year ago (6 children)

I'm confused. The article keeps mention "X". What is "X" about?

[–] Huschke@programming.dev 10 points 1 year ago

No idea so I googled x and videos and found porn. That's probably it.

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[–] rubikcuber@feddit.uk 12 points 1 year ago (1 children)

Imagine if this guy was your boss.

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[–] Smacks@lemmy.world 12 points 1 year ago (1 children)

Company money? This sounds like company money.

[–] nibble4bits@lemm.ee 10 points 1 year ago

Someone ought to show him that paying employees in Scrip is illegal, because no one sees how you bank. It's your private business. It's not anything remotely like working at a Ford dealership and driving in with a Honda.

[–] Veneroso@lemmy.world 11 points 1 year ago

Oh yeah because if anyone deserves trust in handling money it's Elon Musk. Oh wait.....

[–] billwashere@lemmy.world 11 points 1 year ago

There is no way in hell I’d trust this chucklefuck with anything I think is important, let alone money.

[–] Yewb@kbin.social 11 points 1 year ago (1 children)

People who use twitter think its totally ingrained into society and what drives all public discourse....

People that dont use twitter could give a shit, its a huge circle jerk.

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[–] PeckerBrown@lemmy.world 11 points 1 year ago

Stop trying to be the Antichrist, Elon. We already hate you...let that be enough.

[–] sagrotan@lemmy.world 10 points 1 year ago* (last edited 1 year ago) (2 children)

Hard to see from down here if his (mental)ballistic curve is already falling or if he's still in the zero-g phase, but kinda interesting to watch. Uuh, that'll make a loud splash when he hits the ground.

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