Loopy Libra

I’m not sure what problem Facebook’s newly proposed cryptocurrency, Libra, solves. For those with a bank account and credit card, Libra solves no problem. For the unbanked, theoretically it’s great, but how do you buy Libra absent a credit card or a bank account; Facebook doesn’t take cash. Facebook’s attempt at skirting regulatory oversight is failing spectacularly, and its security/privacy failings are legendary. Libra is minimally years away from operating.

Share This Post
Facebook Twitter Email

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.