Elon Musk gives X employees one year to replace your bank
www.theverge.com
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!

    • @popemichael@lemmy.sdf.orgEnglish
      8•1 year ago

      I pretty much run everything through paypal for the extra layer of security.

      It saved my ass when I was doxxed and hacked. I had my logins and financial information stolen.

      I can totally see not putting more than a few thousand into the balance if you’re going to use it like a secured credit card.

      Otherwise, keeping $0 in it and using it as a middle man between your bank and the outside world is a fantastic solution to protecting yourself.