Re:Facebook, Libra, and the Long Game
by munificent on Tuesday June 25, 2019 @01:05PM
(#20276364)
> What would be the point for Facebook to create a promote such a currency if they can't control it at some level?
It gives them their a payment processor they can put into WhatsApp to compete with WeChat in China. They know they can't do "Facebook Coin", so they are doing the nearest thing they can, a consortium.
It gives them their a payment processor they can put into WhatsApp to compete with WeChat in China. They know they can't do "Facebook Coin", so they are doing the nearest thing they can, a consortium.