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Elon Musk does not want people to have a bank account, says X will take care of all financial needs

“As per The Verge report, X will be able to take care of anything financial by the end of 2024. According to an audio of the meeting obtained by the company, Musk told his employees, ‘When I say payments, I actually mean someone’s entire financial life. If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send USD 20 to my friend. I’m talking about, like, you won’t need a bank account.’”

https://www.indiatoday.in/technology/news/story/elon-musk-does-not-want-people-to-have-a-bank-account-says-x-will-take-care-of-all-financial-needs-2454262-2023-10-27

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