Re:France and Germany Agree to Block Facebook's Libra
by kazen44 on Saturday September 14, 2019 @10:43AM
(#20971089)
why would people want to use libra? Especially if the currency is declared illegal to use inside the EU/Eurozone.
Let's not forget that the euro is a stable currency compared to most other markets libra wants to compete in (the developing world). What is in it for me as a consumer? Atleast the Eurozone has rules in place to protect my savings (up to 10.000 euro[0]).
Libra brings nothing to the table in terms of transaction speed or costs either (for the consumer atleast).
Let's not forget that the euro is a stable currency compared to most other markets libra wants to compete in (the developing world). What is in it for me as a consumer? Atleast the Eurozone has rules in place to protect my savings (up to 10.000 euro[0]).
Libra brings nothing to the table in terms of transaction speed or costs either (for the consumer atleast).
1 https://www.ecb.europa.eu/explainers/tell-me-more/html/depos...