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Re:Facebook reveals its cryptocurrency Libra by sytelus on Tuesday June 18, 2019 @08:33PM (#20219860)
Cards are yesterday things. Many countries quickly moving on to phone based payments. Its much secure (requires touch or face ID) than doing fake signatures. I've no idea why visa/mastercard can't move to this. The often given reason for massive 5% cut is potential voided transactions, merchant setup, cashback expected by customers and ofcourse profit. Much of these can be eliminated by phone based transactions. This space is ripe for disruption.
Re:Facebook reveals its cryptocurrency Libra by gruez on Tuesday June 18, 2019 @10:28PM (#20220332)
>Many countries quickly moving on to phone based payments. Its much secure (requires touch or face ID) than doing fake signatures.

EMV is a thing, you know. And cards don't run out of battery or get smashed like phones.

Re:Facebook reveals its cryptocurrency Libra by stef25 on Wednesday June 19, 2019 @07:32AM (#20222382)
> Many countries quickly moving on to phone based payments

Even as a tech guy, no thanks. Phones are mostly ok but still fuck up too frequently to trust them with anything serious.