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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The fact is they can get other jobs.

I'm guessing many of his US staff are stuck at Twitter due to the visa rules. They're basically very well-paid slaves, and he knows it.

No doubt someone is in that situation. But I don’t think most people know how rare H1-Bs are. Only 65k are issued annually in the US, which has a total employed workforce of 157 million people.