I'd be interested to hear responses from among the 1.X billion unbanked people in developing countries.
I think the goal of Libra is to turn this population into sticky Facebook users. Facebook has saturated the developed world. Meanwhile, developing countries are too busy surviving to mess around on social media.
Libra gives them a way to transact in a stable currency, and Facebook starts to discover the currently grassroots social graph of small time farmers and craftsmen selling goods to their neighbors in villages with slow internet access.
I think the goal of Libra is to turn this population into sticky Facebook users. Facebook has saturated the developed world. Meanwhile, developing countries are too busy surviving to mess around on social media.
Libra gives them a way to transact in a stable currency, and Facebook starts to discover the currently grassroots social graph of small time farmers and craftsmen selling goods to their neighbors in villages with slow internet access.