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> Libra will still need the same infrastructure to get people to buy those coins. Go try to offer Paypal to people in developing countries! Libra is a cryptoc
by dwild 7y ago
> Libra will still need the same infrastructure to get people to buy those coins.
Go try to offer Paypal to people in developing countries!
Libra is a cryptocurrency. I can sell it, you can sell it, anyone can sell it. You can't sell Paypal "currency" in developing countries (well you could, but they would either need an account with wrong informations or use your account directly for the transaction, which in both case doesn't make sense) but you certainly can sell Libra currency pretty easily.
That's the beauty of it. If Libra takes off, Facebook won't have to build infrastructure anywhere, simply because it will be simple (and relatively profitable) for anyone to build infrastructure anywhere and act as a middlemen.
- deleted 7y ago[deleted]