[kapnobatairza]

I think a lot of technologists and cryptocurrency advocates conflate a few different concepts - A "digital currency", a "decentralized ledger" (blockchain), and "trustless consensus". Technologies like Bitcoin combine all 3, but you don't necessarily need to combine them.

I see WalmartCoin and Libra as "digital corporate currencies" which will compete with digital FIAT currencies. This already exists to an extent, for example people spend and trade Amazon gift cards because they are fungible and redeemable anywhere. Or people buying Steam wallet funds with their USD. Or people buying pre-loaded Amex gift cards?

Can we just think about Libra et al. as alternatives to fiat currencies? Or as a "digital wallet" / "gift card" you can spend anywhere?

What is the difference between me having a Libra wallet with $100 that I can spend at participating merchants, vs. me having a $100 prepaid Amex giftcard that I can spend at participating merchants? The only real difference is now I can actually transfer "my" money to others.

[christkv]

Nothing they are al just trying to become the next MasterCard or visa to reap the benefits of being the clearing house and make some sweet $$