Technology@lemmy.worldEnglish · 1 year ago

Big Tech Wants to Become Its Own Bank

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Big Tech Wants to Become Its Own Bank

jacobin.com

Pro@programming.dev to

Technology@lemmy.worldEnglish · 1 year ago

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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1 year ago
….yet. They all start somewhere. It just needs enough people to get caught in the net

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