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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What's next? Company stores? They already have company housing…
Eventually Musk is going to have them buying 'X cookies' and 'X cereal' so that they don't have to pay them real money.
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I can see people using it as a go-between to send money to people over twitter or as a small emergency fund thing. Doubt many will use it as their primary bankery.
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