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.’
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.’
Musk wants your “entire financial life” on his platform.
“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're viewing a single thread.
Yeah he won’t be able to do business in the uk for sure.
Yeah the amount of compliance necessary to launch a savings account in the UK is nuts, and thats when youre going through a 3rd party provider like Clearbank who already has all the actual money handling services, but let clients palm them off as native banking accounts
And the auditing. Omg the twice a year auditing.