this post was submitted on 27 Oct 2023
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“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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[–] Humanius@lemmy.world 1 points 1 year ago* (last edited 1 year ago) (1 children)

Just wait till Musk learns about banking regulations.
He's already complaining about the EU regulations on social media, but they nothing compared to what banks have to deal with.

[–] jollyrogue@lemmy.ml 0 points 1 year ago (1 children)

He’s recreating Venmo. 😂

[–] PumpkinEscobar@lemmy.world 2 points 1 year ago (1 children)

FWIW his white whale or inspiration is more like the Chinese “we do everything” apps / platforms https://wise.com/us/blog/chinese-payment-app

[–] otter@lemmy.ca 1 points 1 year ago

Without getting official government institutions on board or making the app mandatory in some way, I don't see how this would work outside of authoritarian countries

They're bleeding users and advertisers as it is

[–] IchNichtenLichten@lemmy.world 0 points 1 year ago

Nope, not even for a free pony.

[–] turbonewbe@lemm.ee 0 points 1 year ago (1 children)

I'm confused. The article keeps mention "X". What is "X" about?

[–] chakan2@lemmy.world -1 points 1 year ago

Unsure, but he wants to give it to ya.

Lmao what the actual fuck is he smoking today? This shit is wild.

[–] JoMiran@lemmy.ml -1 points 1 year ago