The Struggle of Facebook
Posted: Sat Apr 05, 2025 4:30 am
With 350 Tikkies per minute and the constant flow of iDEAL payments , the Netherlands is one of the countries with the least cash. What a difference with countries like Congo, where civil servants are still paid from a jeep with stacks of banknotes . In the jungle and various South American countries, the inhabitants do not even have a bank account. Will Facebook cause a revolution in both the Western world and in developing countries with its own GlobalCoin?
According to the World Bank, there are almost 2 billion people worldwide without a bank account. country email list n Southeast Asian countries, only 25 percent of the population has a bank account, and in some African countries this number is even less than 10 percent. Although cash is still king in many countries, you also see brilliant payment initiatives flourish in many developing countries. Such as M-Pesa , which allows money transfers to be sent between mobile phones. In Kenya, 50 percent of GDP is now sent via M-Pesa and 95 percent of the population has access to it.
In 1976, Friedrich Hayek wrote in his book ' Denationalisation of Money ' about setting up competing currencies that would compete with the monopoly of central banks. It seems as if Facebook CEO Marc Zuckerberg has read this book during his sleepless nights. He has certainly had them in recent months. The Facebook scandals are piling up and one government after another is putting the company through the legal mill. In the Netherlands alone, 600,000 users left the platform last year. And the remaining users have started using the platform less intensively . With all the consequences for the financial results . Not to mention all the advertisers who have left .
According to the World Bank, there are almost 2 billion people worldwide without a bank account. country email list n Southeast Asian countries, only 25 percent of the population has a bank account, and in some African countries this number is even less than 10 percent. Although cash is still king in many countries, you also see brilliant payment initiatives flourish in many developing countries. Such as M-Pesa , which allows money transfers to be sent between mobile phones. In Kenya, 50 percent of GDP is now sent via M-Pesa and 95 percent of the population has access to it.
In 1976, Friedrich Hayek wrote in his book ' Denationalisation of Money ' about setting up competing currencies that would compete with the monopoly of central banks. It seems as if Facebook CEO Marc Zuckerberg has read this book during his sleepless nights. He has certainly had them in recent months. The Facebook scandals are piling up and one government after another is putting the company through the legal mill. In the Netherlands alone, 600,000 users left the platform last year. And the remaining users have started using the platform less intensively . With all the consequences for the financial results . Not to mention all the advertisers who have left .