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by cwperkins
2559 days ago
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Its quite telling that the promo video only shows people from countries with a substantial unbanked population. I do think that getting these people banked is safer and more secure for them (mitigates risk of being robbed) and enables a more vibrant economy (more lending because of deposits), but why should Facebook be the entity behind this? I am a cautiously optimistic person, but this is giving me the jeepers. I can't quite put my finger on it, but it doesn't feel right. |
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This is very unlikely, in places with social unrest people get forced to go to bank withdraw cash, or even as far as sale goods to make the cash for gangster, making it digital will make zero difference.
> more lending because of deposits
Lending by who? what deposits? lending most of all depends on risk which requires a stable society and some resemblance of an economic system and policy.