Pro@programming.dev to

Technology@lemmy.worldEnglish · 6 days ago

Big Tech Wants to Become Its Own Bank

cross-posted to:
Technology@programming.dev

284

Big Tech Wants to Become Its Own Bank

Pro@programming.dev to

Technology@lemmy.worldEnglish · 6 days ago

cross-posted to:
Technology@programming.dev

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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katy ✨
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4 days ago
yeah but most of those are all just branded while being backed by synchrony or barclays
- ABetterTomorrow@lemm.ee
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  3 days ago
  Yeah but it’s a start and that scary.

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