Brian Fung | @[email protected]

@b_fung ↗

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Last Checked Jan. 27, 2021

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Wed Jul 17 18:08:03 +0000 2019

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Brian Fung | @[email protected] @b_fung

Putting this together with Facebook’s interest in developing countries, it wouldn’t surprise me if they have microlending in mind, and not just remittances, when they talk generally about reaching “the unbanked” — PolitiTweet.org

Posted July 17, 2019 Hibernated

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Brian Fung | @[email protected] @b_fung

This is key: Marcus says Libra’s business model turns on two things: 1) Businesses on Facebook accepting digital payments which will help them grow and buy more ads on Facebook; and 2) Facebook will “offer a range of services [including] lower cost access to capital” — so…loans? — PolitiTweet.org

Posted July 17, 2019 Hibernated

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Brian Fung | @[email protected] @b_fung

Wait. Is Marcus saying they haven’t figured out yet which authority will ensure that the reserves are sufficient? — PolitiTweet.org

Posted July 17, 2019 Hibernated