Facebook's Libra: national currency tokens, a new white paper

Re:Facebook's Libra: national currency tokens, a new white p... by Spivak on Thursday April 16, 2020 @04:22PM (#22893118)

So other than maybe being a better PayPal what's the point? Lower transaction fees?

At this point the combination of Apple/Android Pay, PayPal, Venmo/CashApp, and a Credit Card satisfy all of my needs for casual spending and money transfer. If Libra wants to unify all this then power to them but it'll be an uphill since there's a reason people aren't using the bank's worse version of Venmo even though they're integrated.

What's the killer app that will draw people to it outside of paying people to use it?

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Re:Facebook's Libra: national currency tokens, a new white p... by marcinkw on Thursday April 16, 2020 @04:25PM (#22893160)

None of the existing solutions you mentioned support cross border p2p payments.

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Re:Facebook's Libra: national currency tokens, a new white p... by gallabytes on Thursday April 16, 2020 @05:02PM (#22893522)

why do you care about p2p? I sent money on PayPal US -> EU last week. it was as easy as sending it to someone in the US, and the fees were no worse than what I often see crypto exchanges charging.

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Re:Facebook's Libra: national currency tokens, a new white p... by lazzlazzlazz on Thursday April 16, 2020 @10:10PM (#22895585)

What were the fees, and what exchanges did you compare them with?

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