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Libra is a attempt to cut out issuer banks, as in credit cars issuance, out of the equation. That is why Visa/PayPal/Mastercard are on the board. It is less fee
by miohtama 7y ago
Libra is a attempt to cut out issuer banks, as in credit cars issuance, out of the equation. That is why Visa/PayPal/Mastercard are on the board. It is less fees for the consumers, definitely better UX, and in a sense relief from the legacy banking woes.
- wavefunction 7y agoAnd more importantly for them Visa/Pay Pal/Mastercard aren't outflanked by their own competitors. There's little noble to this endeavor by these characters.