Comment by PaulHoule

I too dismissed Libra out of hand, but the coalition that Facebook is building is interesting.

People say that "Fintech threatens the banks" but almost all Fintech companies partner with the banks in one way or another.

Look at the companies involved with Libra and see that none of them are banks.

Libra will still have a lot of money on deposit with the banks, but it might be the first Fintech that will really bypass them.