3 ms·
> giving access to the digital economy to the 500m+ people in emerging markets that have internet + phone, but no banking services. I don't really understand t
by MuffinFlavored 7y ago
> giving access to the digital economy to the 500m+ people in emerging markets that have internet + phone, but no banking services.
I don't really understand the flow.
They are paid in cash for working their low wage jobs now.
How is the cash going to become Libra? Through... what is basically a banking service? Which they don't have access to now?
- dx87 7y agoMight be like how people without a bank go to various businesses that will cash their check for a fee, except they'll give the business cash and get Libra transferred to their account.
- the_watcher 7y agoYes. Read the OP. As Marcus points out, oftentimes "lacking access" means "can't afford the consequences of not having any assets on deposit".