It's more of a long term play than a money grab. Facebook knows that it's really hard to launch a payment service and reach ubiquitous adoption (see apple pay,

It's more of a long term play than a money grab. Facebook knows that it's really hard to launch a payment service and reach ubiquitous adoption (see apple pay, etc). It only worked out for WePay in China because the government can name winners. On the other hand, I don't think Facebook cares if their Calibra wallet wins, or if it's Visas wallet, or anyone elses. Facebook just wants some ubiquitous payment service that integrates billions of people into online payments (particularly the unbanked without credit cards). Because any Libra account, through Facebook or otherwise, would be interoperable that means a better chance of reaching critical mass of user share