A Story About Western Arrogance and Facebook’s Libra Cryptocurrency
If You’re Reading This, There’s a Good Chance Facebook Libra Isn’t Meant for You
Like everyone else with more than a passing interest in the tech space, I’ve been following the news about Facebook Libra with curiosity.
Since the social media giant’s announcement that its rumored new digital currency was a reality, the internet has exploded with reactions of doom and gloom.
Facebook is going to take over the world! If they create their own digital currency, they can control our lives!
Such soundbites have been the order of the day from the likes of John Harris at The Guardian, as we’re told that Facebook Libra is the last thing the world needs.
Now, I’m not going to claim that it is, or that it isn’t, but the one thing that struck me about the outpouring of condemnation and outright scaremongering in some instances was who was actually telling us that Facebook Libra is “the last thing the world needs.”
Primarily tech and finance commentators from the western world.
Of course, we don’t need Facebook Libra in the western world. As a resident of the United Kingdom, I have access to a plethora of digital payments systems and apps…
