Soft Fork: Does Facebook even know how Facebook plans to bank the unbanked?

Facebook wants to help bank the unbanked. And if that mission was not abundantly clear when it announced the launch of Libra, the social media giant brought citations.

Now, a mission to help provide financial access to those without the means to access it is respectable — and marketable. But Facebook appears to not have fully thought out its mission. As my colleague Isabel Woodford previously alluded, Facebook does not yet have a clear plan on how it will help bank the unbanked. Sure, a permissioned blockchain run by a handful of nodes might make transferring money more accessible and cheaper, but how will the unbanked access Libra?