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I was skeptical when I first heard about this. Now, seeing every screenshot showing USD values and nowhere having to worry about conversions, or weird money transfer junk... yeah it’s going to be huge.

IMO banks have sat back and let themselves be replaced. Bit of a bummer to have to be rescued from bad banking interfaces by big Fintech.

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Maybe I’m just ignorant about the industry. But there’s plenty of digital money transfer apps in the market, why would this win over others like a zelle, cashapp, venmo, mondo etc? Facebook’s brand will be plastered on Novi/Libra so just name alone might make people slightly distrustful anyway. Although I could see for the sake of convenience regular people accepting centralization for the sake of convenience. Someone tell me otherwise.

>Facebook’s brand will be plastered on Novi/Libra so just name alone might make people slightly distrustful anyway.

By that logic, Facebook wouldn't have any users right now, Instagram wouldn't be growing, WhatsApp shouldn't exist... should I go on? Facebooks digital grasp is enormous. That alone is why I think this will be a huge player.

Of all the areas where banking is in need of FinTech rescuing, UI should be absolute least of our worries. And Facebook should be the absolute last company trusted to do the rescuing.

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