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You're forgetting how much credit card transaction suck. As I see it this is the main problem facebook could solve through sheer volume of use: microtransaction
by SomeOldThrow 7y ago
You're forgetting how much credit card transaction suck. As I see it this is the main problem facebook could solve through sheer volume of use: microtransactions.
Granted this is about the worst way this future could come about....
- asaph 7y agoIf Libra is a threat to credit cards, then why are Visa and MasterCard investing at least $10M each in it?
- civicsquid 7y agoIsn't this a lot like asking why Tyson invested in Beyond Meat when BYND is a threat to Tyson? Maybe you could call this defensively "investing in the future" of your industry (if this turns out to be anything at all).
- SmellyGeekBoy 7y agoSame reason Shell, BP and Exxon invest millions every year in renewable energy?
- stefanmichael 7y agoif your company were under threat and you had the option to invest in your competitor at an early stage, wouldn't you? I don't think I agree that this is a threat to credit cards, but even if I did I think I would understand the investment.
- SomeOldThrow 7y agoDiversify or die.
- qwsxyh 7y agoDo they suck?
- chatmasta 7y agoWho thinks credit card transactions suck?
- deleted 7y ago[deleted]
- SomeOldThrow 7y agoI imagine you can google this.