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.’

AnActOfCreation@programming.dev to Technology@lemmy.world – 686 points –
Elon Musk gives X employees one year to replace your bank
theverge.com

“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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Lol, yeah, this sociopath is going to develop a full suite of banking services and software in a year while laying off employees, sure.

If they did, would you trust him?

I wouldn't. Ever.

not in a million years. Not with FDIC insurance or open-source non-custodial crypto wallets or anything like that.

His platform struggles to push text around reliably. Could you imagine using that for money?