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.

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.

  • lacaio da inquisiçãoEnglish
    2·
    3 days ago

    Imagine using Meta money at your local store or convenience store. It doesn’t stop there, you need a Facebook account to “login” into your wallet.

    • FiveMacs@lemmy.caEnglish
      2·
      3 days ago

      Shareholders need some extra funds, your 12 meta zuck bucks are being reduced to 8 now. And if you don’t use them by 4pm they will be absorbed into the metaverse due to inactivity.