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.’

SCB@lemmy.world ⁨1⁩ ⁨year⁩ ago

There are going to be a lot of people saying how stupid this entire concept is in the comments.

Let me tell you something, as a person who spent years in finance. There’s no fucking chance on Earth this happens. You will win the Powerball twice consecutively before Musk pulls this off.

None of this infrastructure exists in X and all of this infrastructure is exactly the kind of shit Musk hates.

Adoption aside, which you’d have to be fucking insane to adopt this platform as a payments platform, the regs alone will ensure this never, ever, materializes.

What Musk describes will someday exist. He will not be involved, and the day is well over a decade away.

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