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There are lot of people connecting to the unbanked via facebook/whatsapp/insta and transacting with them financially off the network. When you have 1 network c
by kodz4 7y ago
There are lot of people connecting to the unbanked via facebook/whatsapp/insta and transacting with them financially off the network.
When you have 1 network connecting 2 billion people why get off the network onto some other network to do a transaction. If I want to send cash to a family member in the developing world it's more convenient if the pay button is right there in the messaging app.
As to privacy and Zuckerberg controlling everything, well the banks and telcos already have all my data and keep spamming me day and night based on that data.
Whether the data gets centralized and the number of networks reduce to 1 is less interesting to me, than whether they use the data collected to take advantage of me. We do have road networks where you can drive from one end of the world to another without worrying about who the road owner is and how they might take advantage of you.