Technology@lemmy.worldEnglish · 1 month ago

Big Tech Wants to Become Its Own Bank

jacobin.com

Big Tech Wants to Become Its Own Bank

jacobin.com

Pro@programming.dev to

Technology@lemmy.worldEnglish · 1 month 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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katy ✨@lemmy.blahaj.zone
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1 month ago
yeah but most of those are all just branded while being backed by synchrony or barclays

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