Libra is targeted at developing countries

Re:Libra is targeted at developing countries by basch on Thursday June 27, 2019 @05:51PM (#20299212)

If this product brings us from a world of venmo, paypal, facebook payments, wechat etc to one where I can use any of their clients to send money to any of the other clients, I consider it a huge win. It's so silly that my friends and I have to agree on the same money app to send money to each other. Imagine if I had to convince every person to use firefox before I could send them a url, or if they needed hotmail and gmail to receive messages.

Calibra vs Zelle here we come.

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Re:Libra is targeted at developing countries by lonelappde on Thursday June 27, 2019 @09:56PM (#20300837)

It takes 5 minutes per life to sign up for a zelle /venmo/WeChat account , plus one minute per device.

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Re:Libra is targeted at developing countries by gridlockd on Friday June 28, 2019 @04:20AM (#20302415)

If you actually read the terms of service, it takes an hour. Plus, you'll have to agree to them.

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Re:Libra is targeted at developing countries by CaptainZapp on Friday June 28, 2019 @04:06AM (#20302356)

What's wrong with cash?

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Re:Libra is targeted at developing countries by gridlockd on Friday June 28, 2019 @04:21AM (#20302422)

Nothing, besides the fact that you have to physically carry it around to transfer it.

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Re:Libra is targeted at developing countries by basch on Friday June 28, 2019 @09:32AM (#20304090)

lack of a transaction record. "i paid you this then"

plus, facebook payments are already so fast, i can take the money out from an atm one minute after the transfer is initiated.

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