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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)

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AnActOfCreation@programming.dev
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“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!

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NuXCOM_90Percent@lemmy.zip
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This will almost definitely have a large “crypto” aspect. Which means the business model starts at unregulated fraud and gets worse from there.

But yeah, I assume there is a whiteboard at twitter headquarters, smeared with feces, that has

  1. Become bank
  2. …
  3. Too big to fail
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