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!

  • @merthyr1831@lemmy.worldEnglish
    4•11 months ago

    Yeah the amount of compliance necessary to launch a savings account in the UK is nuts, and thats when youre going through a 3rd party provider like Clearbank who already has all the actual money handling services, but let clients palm them off as native banking accounts

    • angelsomethingEnglish
      1•11 months ago

      And the auditing. Omg the twice a year auditing.