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If Libra is a threat to credit cards, then why are Visa and MasterCard investing at least $10M each in it?
by asaph 7y ago
If 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.