Meta poured a ton of resources into Libra/Diem and Novi and got shut down hard by regulators. I don’t blame them for moving on from this idea: the political costs aren’t worth it.
Of course there’s a secondary implication: a lot of people clearly though that Libra/Diem/Novi would have been a serious threat to legacy payments businesses if it hadn’t been killed. I think that’s pretty interesting and I’m curious to see who steps into the void that regulators have just scooped out.
Of course there’s a secondary implication: a lot of people clearly though that Libra/Diem/Novi would have been a serious threat to legacy payments businesses if it hadn’t been killed. I think that’s pretty interesting and I’m curious to see who steps into the void that regulators have just scooped out.