It’s easy to create money, as the economist Hyam Minsky famously observed, but harder to get it accepted.
So, I happened to be reading this the other day…
Meanwhile a large merchant group equipped with the point-of-sale device was able to define a new value token for the public. By controlling the material interface of electronic payment, the merchant side Is playing a more active role in the loop of social consensus of money.
Shopify and Libra? Nope, this comes from a 2008 paper about electronic money in Hong Kong looking at the comparative success of Octopus and the comparative failure of Mondex.
Snippings 