(Source: Data protection as the Achilles verse of Facebook Libra plans)
Last week, Facebook (FB) released its plan for "Libra crypto". Facebook has a huge competitive advantage over other possible wallet providers with its subsidiary Calibra. The Facebook platform has 2.38 billion users. WhatsApp has 1.5 billion users. Hence, more than half the world’s online population is using the Facebook platform. Accordingly, the incentive for customers to also open a wallet on Facebook is much greater than to open a wallet on possible other wallet providers. Given that, the potential is enormous for Facebook.