I think the start problem of Libra was to go with the ideas that:
1. One globally _uniform_ payment system is needed/wanted/makes sense. (It doesn't make sense due to regulation, is not needed, as long as a non uniform system still can make cross area transactions reasonable fast. It is not wanted (by some) as it put consumers at additional risk wrt. data protection and international conflicts).
2. Blockchain makes sense and "fixes everything", somehow, magically
Sure the current payment systems have a lot of problems. But many come from complicated regulations which makes building such systems harder not incompetent bank IT. I fear a single company can't do to much here. Especially because banking software has to be reliable from the get-to-go.
Sure the current payment systems have a lot of problems. But many come from complicated regulations which makes building such systems harder not incompetent bank IT. I fear a single company can't do to much here. Especially because banking software has to be reliable from the get-to-go.