this post was submitted on 29 Oct 2023
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[–] FuckyWucky@hexbear.net 26 points 1 year ago* (last edited 1 year ago) (2 children)

yea i don't think employers have access to whether employees have an open bank account.

e-wallets are not a bank replacement, it is used for small day to day transactions in any country.

[–] ksynwa@lemmygrad.ml 26 points 1 year ago* (last edited 1 year ago) (2 children)

I learnt from a BadEmpanada vid that some streamer kept all his money on a PayPal account that eventually got hacked. He did not have a bank account.

[–] Frank@hexbear.net 28 points 1 year ago

I have had several people in my not especially large immediate friend group who have had between hudreds and thousands of dollars stolen, I'm sorry I meant frozen, by PayPal for no reason and with no recourse. Never keep your money in any kind of fake pseudo-bank. Either a real, bank, or Iraqi dinars, nothing else.

[–] LeZero@hexbear.net 16 points 1 year ago* (last edited 1 year ago)
[–] bloubz@lemmygrad.ml 21 points 1 year ago (1 children)

The article is about development of financial features into X, not changing employees banks. He wants to change YOUR bank

[–] frauddogg@lemmygrad.ml 9 points 1 year ago (1 children)

He's smoking meth if he thinks I'm leaving my credit union for something his fingerprints are on

[–] CrushKillDestroySwag@hexbear.net 11 points 1 year ago (2 children)

Even if he launched a bank that did everything correctly and had no issues, the only way he's convincing people to switch is by offering something other banks don't. Something like giving out billions in credit that other banks won't.

No way is that happening. This is just gonna be a second rate alternative to Venmo.

[–] frauddogg@lemmygrad.ml 9 points 1 year ago (2 children)

Isn't Venmo already the cutrate Cashapp?

[–] buh@hexbear.net 5 points 1 year ago

It’s cash app for boomers (millennials and up)

TBH I've only used Zelle

[–] JohnBrownNote@hexbear.net 6 points 1 year ago

what if we all got loans from his shit bank and didn't pay them back