this post was submitted on 27 Oct 2023
687 points (86.1% liked)

Technology

59578 readers
3420 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
687
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
338 comments fedilink hide all child comments
 

“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!

you are viewing a single comment's thread
view the rest of the comments
[–] Rokk@feddit.uk 18 points 1 year ago (2 children)

For parts of the world 'free bank' and 'free transfers' are just the norm anyway. I'm amazed it isn't the case in the US already.

[–] DaBPunkt@lemmy.world 4 points 1 year ago (2 children)

They still use paychecks…

[–] CileTheSane@lemmy.ca 2 points 1 year ago

Not the only thing they're stuck in the past on...

[–] clay_pidgin@sh.itjust.works 2 points 1 year ago* (last edited 1 year ago)

What is the alternative to a paycheck? Most Americans get the money deposited directly to their bank account anyway, there's no actual paper check involved.

[–] 9point6@lemmy.world 1 points 1 year ago

It's always crazy to be reminded this. The banks make money from your savings and your debt with them, they don't need to be double or triple dipping on charging you for the privilege of letting them do that or sending it to somewhere else to do the same