Lance Ng
1 min readMar 22, 2019

--

Hi Runy,

Where in the Caribbeans are you from? Recently someone who is advising the President of the Dominican Republic on building a startup hub approached me for my opinion. Real fateful that you should have brought this to my attention…

I can imagine that that’s why Facebook wanted to work with cryptocurrency exchanges; so that they can bypass traditional money exchange and remittance through banks. However, this will of course meet with much government and financial institution resistance.

That said, if there could a private market for converting in and out of Facebook coins, it could be, as you said, an incredible boost to e-commerce for places like the Caribbean where it is difficult for online sellers to transact now.

This is definitely something worth exploring…Please share with me more info!

Cheers,

Lance

--

--

Lance Ng
Lance Ng

Written by Lance Ng

Venture Capital | Startups | Founders. My newsletter at www.3linepitch.com

Responses (1)