Facebook executives have said they hope the launch of Libra will expand access to financial services globally, but there are already concerns about how much data it will be able to harvest from users. Photo: Reuters
Ryan King
Opinion

Opinion

The View by Ryan King

Facebook’s Libra cryptocurrency may spell bad news for Hong Kong and mainland payment services – if regulators don’t step in first

  • HSBC’s PayMe, Hong Kong’s own Faster Payment System, WeChat Pay and Alipay may be among the losers if Libra moves into the peer-to-peer transaction market. Global regulators, however, are already expressing concern

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Facebook executives have said they hope the launch of Libra will expand access to financial services globally, but there are already concerns about how much data it will be able to harvest from users. Photo: Reuters
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