The Facebook-backed Libra Association contains no major banks in its initially announced group of partners (Mike Dudas/The Block)

Mike Dudas / The Block:
The Facebook-backed Libra Association contains no major banks in its initially announced group of partners  —  When looking at a new money or payments system meant to replace an old one, one need only look at who is missing from the list of partners to understand what is being replaced.

from Techmeme http://bit.ly/2WUUS1O