Pomp and circumstances

I was listening to the “Pomp” podcast in which he interviewed David Marcus, who leads Facebook’s financial services drive. It was an interesting discussion but I was surprised when at one point in the interview Mr. Pompliano says that he thinks that people have underestimated the importance of the wallet. I have certainly never fallen into this category and my analysis of the launch of Facebook’s “Libra” initiative, as it was initially called, was that the play was all about the wallet: the day that it was announced I said that “identity is at the heart of the Libra proposition, if you ask me“.