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I think a lot of the confusion around Facebook's motivations with Libra lie around the fact that Americans think they're the main target customer. It becomes mo

I think a lot of the confusion around Facebook's motivations with Libra lie around the fact that Americans think they're the main target customer. It becomes more clear when you realize (by literally reading the copy on the front page of the Libra website, mind you) that the emerging markets (FB's fastest growing sector) are the real target. We'd just be a nice to have.

wmf 7y ago
But it looks like Facebook doesn't know much about emerging markets either. Internet.org didn't go over well in some places. Letting Americans set moderation policy for Myanmar. Now they're talking about supporting unbanked people in the developing world... with KYC. Many unbanked people do not have "proper" ID and Facebook probably doesn't know how to parse such IDs anyway.