The thing is will users of facebook get rewards from using facebook or is it just a coin meant for transactions? Facebook is big enough to reward users for the use of their platform. They already have the user base.
I don't understand the excitement for the average user who has no plan to buy and sell or for some one like me who cannot access PayPal.
Ya, good question! The CNBC article makes it sound like it's just a coin to send back and forth. It's possible they didn't do a great job at explaining it tho.
A way to reward people for using Facebook would be more interesting. Maybe it will be something like..
They're making it where if you hold Libra, it's easy to click a couple buttons and make a small tip to a post you like.
That's essentially how STEEM works, just in a super convoluted way (like if you hold SP >>> you hold the rights to some newly inflated tokens >>> which you can send to people with an upvote.. so it's essentially also a tipping mechanism, just so convoluted that many people don't think of it that way)
I admit that I'd probably think about Facebook more if tipping for good posts became a thing.
But I'd rather they used BTC or USD. Build the tipping mechanism using one of those, rather than create Libra.