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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Prediction: He's going to try to pay his employees in Xits: Your going to negotiate a salary based on a floating exchange rate with a new cryptocurrency and then when it starts to tank he will refuse to renegotiate based on the fact that its headed for the moon!

Bringing company scrip back for old times sake

Maybe he should move to some remote bit of jungle in Brazil and start Muskland.