Pro@programming.dev to

Technology@lemmy.worldEnglish · 29 days ago

Big Tech Wants to Become Its Own Bank

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Big Tech Wants to Become Its Own Bank

Pro@programming.dev to

Technology@lemmy.worldEnglish · 29 days 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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auraithx@lemmy.dbzer0.com
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29 days ago
Gee I hope people are working on truly decentralised open source alternatives.

Gifting cryptocurrency to the fascists and crypto bros has been a massive fumble from the left.

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