Facebook's Libra and a cellphone may the key to freeing billions of people from mismanaged 3rd world currencies.After facing bipartisan opposition to its plans for Libra, many question the ability of Facebook to pull off an international digital currency.: Facebook has been a very profitable position for you over the last 7 years. What do you think about Libra as a shift in their strategy?: I think over time it will become the most important part of Facebook’s business.
Libra as a concept , deals with many of the drawbacks and promotes international trade with transparency.: How do you see Libra being a profitable business for Facebook? Why does it make sense for other companies to partner with Facebook?: Facebook is solving a very specific problem: monetary mismanagement in 3rd world countries.
I like that they are committing to fight money laundering with transfer limit reporting. I like that they are building this with a set of companies, not just on their own -- this creates accountability.
Libra's value would be on a roller coaster due to Facebooks other corporate malfeasances. Start the day and pray it's worth enough for the Uber ride home.
It'll be the Wild West, up until its use by criminals as a conduit for money laundering gets exposed. Then FB will cough up all its data on everyone for every transaction they ever made.
It'll be the Wild West, up until its use by criminals as a money laundering operation gets exposed. Then FB will cough up all its data on everyone.
No thanks. We have our own mobile money eco systems.
Who is deciding what a 'mismanaged 3rd world currency' is? I would expect content from Forbes to be more politcally correct at the very least.
This is straight up dumb!
ComfortablySmug Riiiiiiiiiight... Buy Bitcoin.
Anything from this Smurf-like company is a bullshit, Noway better believe in 🎅 Santa !!
Libra the Eye money... No thx Zac!
It’s the new marketplace, but I wouldn’t bet our financial data on FB. They don’t value consumer privacy nor care for our data, let’s remember Russia via Cambridge Analytica and fined $5B.
Mzee baba ni Mpesa eti eeh knight_dlx
ComfortablySmug But but but why do we need libra when we have **inserts 💩coin baggie from Dec 17**!!
ComfortablySmug But bitcoin already is...
ComfortablySmug Did Facebook pay for this?
ComfortablySmug No way Facebook gets control of money. They need to be broken up. This is Facebook propaganda
Sure 😹😹😹😹🌴🍌
'Tis more nature than nuture.
ComfortablySmug DeleteFacebook What fools these mortals be
NO WAY. Collapse global financial system. If facebook can't be trusted with our basic personal info, why on earth trust them with financial info? CNBC Tech WSJ CNNMoneyInvest
Tax Evasion
Appreciate the efforts here but this is misleading. Would love to see the facts of it being; 1. Cheaper than XRP (xRapid) 2. Faster than XRP (xRapid) 3. More scalable than XRP 4. As trusted as XRP 5. As accepted as XRP 6. As elextricity efficient as XRP If is beats this I’m in
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Source: Forbes - 🏆 394. / 53 Read more »