Musk announces X will replace traditional banking "within 3 years" in 47-part thread
The billionaire outlined X Money's roadmap to full-service banking with zero-fee international transfers, 4.2% savings yields, and instant stock trading — calling legacy banks "rent-seeking intermediaries." The announcement sent fintech stocks lower while X engagement hit a 90-day record. Analysts are split on whether regulatory approvals could come anywhere near the stated timeline.
