Big Tech Wants to Become Its Own Bank

jacobin.com

cross-posted to:
[email protected]

Big Tech Wants to Become Its Own Bank

jacobin.com

BrikoX@lemmy.zipM to

Technology@lemmy.zipEnglish · 4 days ago

cross-posted to:
[email protected]

To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.

To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.

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6nk06@sh.itjust.works
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3 days ago
Computers were a mistake I guess. Or the internet, or humanity.
- FooBarrington@lemmy.world
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  Money
- myrmidex@slrpnk.net
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  Putting someone in charge of the granary! We should have never allowed that, curse these early humans.

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