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.’
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?