827

“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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[-] TORFdot0@lemmy.world 8 points 2 years ago

Unless twitter gets an actual bank charter and is regulated by the FDIC, X wouldn’t get a cent from me. Even if they claimed to pay incredible APY. Elon musk would steal billions from his customers and wouldn’t blink. And if your deposits aren’t insured then your money isn’t real.

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[-] angelsomething@lemmy.one 7 points 2 years ago

Yeah he won’t be able to do business in the uk for sure.

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[-] FraidyBear@lemmy.world 7 points 2 years ago

Musk, CEO of Tesla and X (formally known as Twitter) causes catastrophic bank run, says "it doesn't matter they can just use X now." Join us at 11 for more.

[-] nicetriangle@kbin.social 6 points 2 years ago

I’ll pass, thanks

[-] IchNichtenLichten@lemmy.world 6 points 2 years ago

Nope, not even for a free pony.

[-] Haphazard9479@lemm.ee 6 points 2 years ago

Introducing Xcoin! Dont worry, Musk premined them all and is staking them so that you know they're high value!

[-] halcyoncmdr@lemmy.world 6 points 2 years ago

He's trying to turn Twitter into WeChat. A near universal app everyone uses for chat, payments, etc.

[-] TorJansson@lemm.ee 6 points 2 years ago

Is he gonna channel all that sweet income into supporting Dickopedia?

[-] splonglo@lemmy.world 6 points 2 years ago

Yanis Varoufakis said a while back that Elon is trying to replicate China's Wechat, which basically does all this. Owning digital platforms and having total control over them is now the best way to make money, and Elon basically wants that for everything.

[-] JoMiran@lemmy.ml 5 points 2 years ago
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this post was submitted on 27 Oct 2023
827 points (100.0% liked)

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