this post was submitted on 27 Oct 2023
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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.’ (www.theverge.com)
submitted 1 year ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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“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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[–] WuTang@lemmy.ninja 2 points 1 year ago (3 children)

This is also Apple's goal, strange they didn't pass the cap yet. Paypal was the first "digital" bank, we owe him that but to be honest, i won't put my money in a US entity. It is already difficult with most of the digital only EU banks.

[–] ours@lemmy.world 28 points 1 year ago (1 children)

Don't give him too much credit for PayPal. Yes, he was involved in one of the companies that ended up in Paypal and was fired from it. Back then he was already pushing his "X app".

[–] WuTang@lemmy.ninja 3 points 1 year ago (1 children)

thanks for the clarification, I didn't dig further into it.

[–] ours@lemmy.world 9 points 1 year ago

No worries, Elon fought hard to create the illusion that he "founded" PayPal and Tesla and that he's such a genius and now he's doing his best to demolish that image with Twitter.

[–] kiwifoxtrot@lemmy.world 21 points 1 year ago

He isn't responsible for PayPal. His company, X.com, merged with PayPal and he was ousted after a short period of time. PayPal already existed before he was involved.

[–] JoeKrogan@lemmy.world 3 points 1 year ago (1 children)

Wu-Tang Financial or nothing!

[–] WuTang@lemmy.ninja 2 points 1 year ago

ing!

lol :) you know what I mean.