4 ms·

Does anyone even remember Libra?

• randomsearch 4y ago
  Ironically, if they’d gone for normal boring payments like the Asian messaging apps, instead of following the crypto fashion, they’d be a giant bank by now.
  • zer0zzz 4y ago
    They did on WhatsApp for India and it’s the only somewhat successful system they have rolled out afaik.
  • lostmsu 4y ago
    Or they could have used an existing crypto instead of making up new one.
• tjpnz 4y ago
  AKA that time Facebook tried developing a payments product on the premise that KYC and AML laws didn't apply to them.
  • bigiain 4y ago
    To be fair, apart from pesky regulations and “outdated 1980s banking rules”, I’d bet Facebook do a way better job of “knowing their customer” than any traditional bank does…