Say one thing for Libra: it has highlighted the question of whether a private label digital currency would enhance financial inclusion, in developing countries in particular, or whether existing telecom-enabled platforms like M-Pesa and Equitel have already delivered the bulk of the benefits. The Covid-19 crisis has again highlighted the social problems created by lack of financial inclusion, suggesting that governments will now attach more urgency to addressing them – the question being how, exactly, to address them.
