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 377 points 2 years ago* (last edited 2 years ago) (51 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 124 points 2 years ago (22 children)
[–] PumpkinEscobar@lemmy.world 86 points 2 years ago (13 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

[–] Blastasaurus@lemm.ee 1 points 2 years ago

Yeh was going to say this sounds more like wechat.

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