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!
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It's strange, because I wouldn't, not even for a moment, ever in my life consider this.if I feel this way, so does a large chunk of the population.
So its already failed imo.
I dunno, it has 200M active users, doesn't it? Wouldn't surprise me if "free bank" popped up in their face a few times a week with "free transfers" and "guaranteed best interest rates".
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.
They still use paychecks…
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.
Not the only thing they're stuck in the past on...
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
I hope you are wrong, but you make a great point
It's actually wild to me,as a Canadian, how this isn't a thing in America. Interac blows away my American friends on a constant basis.
Good point.
I dunno, it has 200M active users, doesn't it?
It's hard to be really sure, because we know there's a staggering number of bots.
But I suppose even if the real number is a fraction of that 200M, it's still a huge number of users.
Before I deleted I had 20 followers, and 15 being bots