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A comment on Libra, 2 Weeks In. Parent comment

Re:Libra, 2 Weeks In by MuffinFlavored on Tuesday July 09, 2019 @12:07AM (#20388947)
> giving access to the digital economy to the 500m+ people in emerging markets that have internet + phone, but no banking services.

I don't really understand the flow.

They are paid in cash for working their low wage jobs now.

How is the cash going to become Libra? Through... what is basically a banking service? Which they don't have access to now?

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Re:Libra, 2 Weeks In by dx87 on Tuesday July 09, 2019 @12:17AM (#20388987)
Might be like how people without a bank go to various businesses that will cash their check for a fee, except they'll give the business cash and get Libra transferred to their account.
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Re:Libra, 2 Weeks In by the_watcher on Tuesday July 09, 2019 @12:26AM (#20389023)
Yes. Read the OP. As Marcus points out, oftentimes "lacking access" means "can't afford the consequences of not having any assets on deposit".
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