Technology@lemmy.worldEnglish · 1 month ago

Big Tech Wants to Become Its Own Bank

jacobin.com

cross-posted to:
technology@lemmy.zip

291

Big Tech Wants to Become Its Own Bank

jacobin.com

Pro@programming.dev to

Technology@lemmy.worldEnglish · 1 month ago

cross-posted to:
technology@lemmy.zip

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.

Chat

b161@lemmy.blahaj.zone
link
fedilink
English
arrow-up
22·
1 month ago
I fucking despise everything about capitalism, these fascist governments, and “big tech”.

Technology@lemmy.world

technology@lemmy.world

Create a post

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.world

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related news or articles.
Be excellent to each other!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
Check for duplicates before posting, duplicates may be removed
Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

3.21K users / day
9.4K users / week
17.6K users / month
38.9K users / 6 months
1 local subscriber
72.3K subscribers
7.15K Posts
307K Comments
Modlog