“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!

  • hh93@lemm.ee
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    1 year ago

    Not to mention identity fraud already being commons there

    For sure fraud won’t be totally rampant…

    Also I think the hardest part of being a bank is the shitton of regulations (especially in Europe) and not the software.

    Twitter might need to hire a lot of experts and lawyers in that field to make it work.

    Also banks are all about trust - and that’s precisely what Elon lost for most people in the last year