Big departures can liberate Libra to start again
Facebook should go back to the drawing board and start thinking of smaller projects tailor-made to specific countries’ needs
It’s just as well that big companies that process and facilitate payments have quit Facebook’sLibra cryptocurrency project, fearing a regulatory backlash. If Facebook really wants to bring financial services to the “unbanked,” it should try doing it on a smaller scale than these companies’ presence promised. Even then, the probability of failure would be high.
It’s clear why PayPal, Stripe, eBay, MasterCard and Visa have decided not to join the Libra Association, which ...
