Facebook’s Libra May Be Quite Attractive in Developing Countries [The Motley Fool]
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Source: The Motley Fool
Facebook’s Libra May Be Quite Attractive in Developing Countries This article was written by Nir Kshetri, Professor of Management, University of North Carolina – Greensboro, and originally appeared on The Conversation Facebook ( NASDAQ:FB From researching cryptocurrency, blockchain and other technologies in the context of developing countries, I can see that digital payment systems are already attractive. Libra may potentially be even more so, because Facebook has the money and technological advances that could make Libra easier than many existing methods. A huge market opportunity Most of Facebook's . billion users, and the . billion users of Facebook-owned WhatsApp, live in developing countries. India is WhatsApp's biggest market, with more than 00 million users. There are 0 million WhatsApp users in Brazil. In those two countries, 80% of small businesses use WhatsApp as part of their business activities, such as exchanging bills and receipts with customers and suppliers. Cheaper tr
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