> Why would anybody use Western Union if they can send money through their Facebook for less or no fees? It's easier and more convenient too.
So if I'm in the United States, and want to send some of my paycheck back to my family in Sudan so they could buy stuff, how could I do that with Libra?
> So if I'm in the United States, and want to send some of my paycheck back to my family in Sudan so they could buy stuff, how could I do that with Libra?
Well, you can't. Sudan blocks access to Facebook (I was just there). A VPN mostly worked, but it was painful. Sudan is also cut off from the international money markets because they are on the list of 5 "bad" countries according to the US. No foreign bank cards function at all.
Extremely nice and welcoming people. Friendliest I have ever met on the entire planet, hands down.
I would assume that there will be a neighbor who offers a money service to the village. He will have a Libra account. No need to drive to the next big city. Your family can go to that person who they trust and he will hand out the money.
And if it is not Facebook, it will be WeChat. Then you first have to send your Libra coins to a suitable exchange that will wire it to that neighbor.
Actually, many African countries have mobile money, so you won't wire it to a WeChat exchange but to a mobile money exchange [1].
So if I'm in the United States, and want to send some of my paycheck back to my family in Sudan so they could buy stuff, how could I do that with Libra?