Zuckerberg's Money Internet Dream: Ambition and Possibility

Muhammad Yunus, the Nobel Prize winner, founded Grammy Bank to help the poor get lower-cost loans, thus getting rid of the fate of poverty.

Libra subverts the financial system

Mark zuckerberg, on the other hand, uses virtual currency technology to issue Libra, which is a stable currency with little fluctuation and backed by reserve currency. It is equipped with Facebook, a social network, so that those who have no bank accounts and are outside the traditional financial system can get cheap funds and financial services.

The emergence of Internet and mobile broadband enables billions of people around the world to gain access to world knowledge and information, high-fidelity communication and various low-cost and more convenient services.

However, some people are too far away from bank outlets to enjoy basic banking services because they have no credit guarantee and lack necessary supporting documents. It's time to improve the existing financial system.

In China, there are still many people who have not applied for credit cards, but the popularity of WeChat and Alipay has accelerated our entry into a cashless society, and the scale of mobile payment has reached the first place in the world.

However, in developing and underdeveloped countries such as Africa and Latin America, mobile payment and cross-border payment are still very inconvenient. The application of blockchain technology can make the transmission and exchange of value safer and more convenient.

Libra will change developing countries.

According to the global digital report, the proportion of users of Brazilian Bitcoin and other encrypted digital currency has reached the top five in the world. Among Brazilians aged 16 to 64, 8. 1% owns digital currency, which is higher than that of the United States and Japan, and also higher than the global average of 5.5%.

With a population of over 200 million, Brazil is one of the most enthusiastic social media consumers in the world. Brazil has the third largest Facebook user group in the world, second only to India and the United States.

9 1% Brazilian Internet users rely heavily on Whatsapp in their daily communication. It is conceivable that the market prospect of libra in Brazil will be bright.

Lack of government control, serious inflation, African people's interest in virtual currency is growing steadily. Africa's demographic dividend is huge, and smartphone users are growing rapidly. In this young and dynamic market, relaxed government supervision environment and lack of local competitors, Libra can do a lot.

In Mexico, faced with the Trump administration's crackdown on illegal immigrants, the high cost and cumbersome operation of SWIFT and Western Union remittance, Libra will change the existing pattern and realize low-cost cross-border transfer.

abstract

Facing the accusation of Facebook privacy disclosure, mark zuckerberg is too centralized and has a single profit model, hoping to come up with more sincere products to face the public. The issuance of libra will bring open, real-time and low-cost capital flow to the world and realize the promise of "money internet".

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