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mk · 1762 days ago · link · · parent · post: Facebook reveals Libra, its momentous new crypto, to the world
This is exactly wrong. Financial networks are not open due to regulation. Cash is not regulated, and that's why unbanked people can use it.“The problem with people unable to access financial services isn’t regulation,” he said. “If you look at the unbanked, the reason they don’t have access to the world economy is because of price and technology. Financial networks are not operating in an open way. The costs are prohibitive.”