Visa, Mastercard, Stripe, and eBay exit Facebook’s Libra project
I hope this doesn't cause Facebook to give up on Libra.I personally have no desire to own Libra. But traditional bank accounts kind of suck as a product and I would like to see more tech companies competing with them.The problems with bank accounts:1. They charge you fees for things2. They try to upsell me stupid financial products3. They are not easy to use in other countries4. Typing in my credit card number sucks5. Typing in my credit card number isn't secureNone of that has really gotten any better in the past ten years. It feels like banks have mostly given up on making their product better. Instead of improving their product, they just buy more expensive retail locations.I would probably rather use a financial product produced by Google, Microsoft, or Amazon than a financial product produced by Facebook. I just don't want the rules to end up being, big tech companies are not permitted to compete with crappy banks.