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by mensetmanusman 2553 days ago
There would be savings for cross border transactions. If governments aren’t going to support banking the poor, then why does it matter who does it?
2 comments

It could definitely help a lot of unbanked people. But that seems to be a nice benefit rather than the core mission.
Yes, for unbanked people who, according to the Facebook FAQ, set up an account using a state-issued ID and jump through a bunch of other hoops that are the same you would need for a bank account.
Assuming you can buy/sell it with better fees/rates. It's bound to be better than some and worse than others.