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You're forgetting how much credit card transaction suck. As I see it this is the main problem facebook could solve through sheer volume of use: microtransactions.

Granted this is about the worst way this future could come about....



If Libra is a threat to credit cards, then why are Visa and MasterCard investing at least $10M each in it?


Isn't this a lot like asking why Tyson invested in Beyond Meat when BYND is a threat to Tyson? Maybe you could call this defensively "investing in the future" of your industry (if this turns out to be anything at all).


Same reason Shell, BP and Exxon invest millions every year in renewable energy?


if your company were under threat and you had the option to invest in your competitor at an early stage, wouldn't you? I don't think I agree that this is a threat to credit cards, but even if I did I think I would understand the investment.


Diversify or die.


Who thinks credit card transactions suck?


I imagine you can google this.


Do they suck?




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