Comment on 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.’

• givesomefucks@lemmy.world ⁨1⁩ ⁨year⁩ ago

  It’s going to be like a crypto or PayPal wallet where you can store a balance, it’s just not insured or regulated like a bank.

  I saw an article a while ago where a concerning amount of people were doing that instead of a bank account.

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• grabyourmotherskeys@lemmy.world ⁨1⁩ ⁨year⁩ ago

  They issue credit and lenders finance this. There’s always a bank.

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