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!

  • Rokk@feddit.ukEnglish
    18·
    8 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.

      • Clay_pidgin@sh.itjust.worksEnglish
        2·
        8 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.worldEnglish
      1·
      8 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