> Basically, I think the underlying idea is valuable - low-cost, fast, reliable,... | Hacker News

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tw04 on Dec 7, 2020 | parent | context | favorite | on: Diem – A rebrand of Facebook’s Libra

> Basically, I think the underlying idea is valuable - low-cost, fast, reliable, accessible money transfers - clearly something missing right now in this world, even for the "global rich" (citizens of first-world countries), let alone for the "unbanked".

I can send money to friends via PayPal or Venmo completely free. What’s missing?

ac29 on Dec 7, 2020 [–]

Its not too fast (from bank account to bank account takes 1-3 days or so). Venmo is also arguably not free, since it contains ads now.

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