Cartoon: Join the Club

With digital currencies like libra, tech giants may not just be supplementing banks, they're joining the club.
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With libra, Facebook isn't just supplementing the banks. It's joining the club.

With libra, Facebook isn't just supplementing the banks. It's joining the club.

Many commentators believe that the tech giants (e.g., Facebook) are going to supplement banks, pointing out their plans to create new payment and token solutions (e.g., Facebook’s libra currency). Also likely, these companies are going to use their customer data and platform services to become banks themselves.