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Libra versus mobile money in developing markets: operators weigh potential scale effect
With the formal announcement of Libra in June, Facebook has made clear its intention to break into the blockchain space. While Libra will purportedly reduce friction by cutting out transactional intermediaries, its path to success is fraught with regulatory headwinds. We take a critical stance on the intersection between Libra and existing operator-led mobile money services and examine the competitive tensions arising between the two, especially in developing markets.