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Exactly. I cannot recall the CNBC video right now. But one of the top guys of Libra was there and he said although the fee structure hasn't been worked out ye
by no1youknowz 7y ago
Exactly. I cannot recall the CNBC video right now. But one of the top guys of Libra was there and he said although the fee structure hasn't been worked out yet. Taking a cut on the partners side would be where fees are taken.
So imagine the current status quo is that either paypal or visa/mastercard are the principle payment methods and they charge the current rates.
But with libra, you still pay with paypal or visa/mastercard but using libra coin instead of fiat coin and % of the fee also goes to facebook.
What I can't wait for. Is the raft of people who will be denied creating wallets. How many people have had their accounts frozen by Paypal, kicked off using Visa/Mastercard and even Stripe! Quite a few I can tell you.
Think the situation will be different from Libra? Doubtful...