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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElon Musk gives X employees one year to replace your bank
The VergeWhen I say payments, I actually mean someones entire financial life, Musk said, according to audio of the meeting obtained by The Verge. If it involves money. Itll be on our platform. Money or securities or whatever. So, its not just like send $20 to my friend. Im talking about, like, you wont need a bank account.
X CEO Linda Yaccarino said the company sees this becoming a full opportunity in 2024. It would blow my mind if we dont have that rolled out by the end of next year, Musk said.
The company is currently working on locking down money transmission licenses across the US so that it can offer financial services. Musk told employees Thursday that he hopes to get the others X needs in the next few months.
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Hugin
(33,411 posts)Thatll end well.
liberalhistorian
(20,825 posts)I were an X employee, just so I could have the pleasure of quitting!
JohnSJ
(92,740 posts)Hugin
(33,411 posts)Mouth in anticipation to sign up. Theyve sunk every hook Musk has thrown their way and come back for more. Cuz hes being a jeenius!
zuul
(14,632 posts)for a shitty blue check mark for an otherwise free website.
I have a Twitter account but I would hand out printed versions of my bank and credit card data to strangers on the street rather than give Space Karen a dime. He is a straight up crook.
Happy Hoosier
(7,610 posts)Takket
(21,892 posts)Im going to entrust my entire financial life to a guy who is purposefully tanking 40 billion of investor money because he wants to turn Twitter into a right wing cesspool????
No thanks
Voltaire2
(13,687 posts)Has failed as a social media platform. If he had any sense he would cut his losses and either shut down ex-twitter or hold a fire sale. It might be worth a billion to some other shitty oligarch. Bezos could buy it just to irritate Musk.
lindysalsagal
(20,983 posts)Totally nuts.
madinmaryland
(64,939 posts)DBoon
(22,520 posts)He has made me really appreciate my bank
XorXor
(655 posts)I notice that he doesn't really explain what it does better than a real bank or any of the online pseudo-banks.
Everything he described are things I can do with my bank now.
617Blue
(1,313 posts)Start scouting out bridges to live under because that's where you'll be if you trust your dough to this grifter.
tinrobot
(10,980 posts)But he might trick a few of the remaining Doge coin owners to sign up.
pinkstarburst
(1,331 posts)Twitter and everything people used to love about it, people are going to hand over their banking information?
TheBlackAdder
(28,355 posts).
.
sanatanadharma
(3,806 posts)LiberalFighter
(52,117 posts)I bet he will require anyone using X to have their bank account with them. So he can charge more than $1 a year.
zuul
(14,632 posts)Facebook or Meta or whatever its called now?
It seems that traffic on Zucks site went down after he announced his grandiose plans. Why does Eloon think he could do better?