Elon has had this plan going back to his PayPal days, and part of the scheme to buy Twitter. And during the time the banks are fighting to keep people from having the alternative of stablecoin returns in the negotiations for the CLARITY Act (securely 100% backed by treasuries), it’s funny that Elon is getting closer with X Money now in testing to pay 6% interest (variable and only with direct deposit) and 3% back on transactions. I want nothing to do with these tech apps data tracking you like a dog, so it’s interesting the other silicon valley bank apps are paying better returns than the banks as well. Did the banks capitulate for what is to come next? With actual banks behind the apps for the FDIC insurance part, what kind of mess will it be when the whole financial system finally crashes? Say what you want on returns, but with credit unions and banks you can walk through the doors and get service, as with these apps you’ll probably interface with an AI agent. No thank you.