Since Facebook announced its new Libra currency and mobile payments scheme, the global reaction has been very mixed. Libra is not truly a cryptocurrency though it will use blockchain. It will be pegged to a reserve currency, which cryptocurrencies are not. Libra will “potentially” be governed by an association independent of Facebook, though that association remains non-binding and sketchy at this point. Potential regulatory issues abound around the World, and Facebook is currently not viewed very favorably by many governments. But most interesting to me, Libra appears to be modeled after Kenya’s M-Pesa mobile payments system, the world’s leading mobile payments system, invented by mobile carrier Safaricom. Then I asked myself if Facebook, knowing that it needs to move away from selling personal data, has seized on Safaricom’s M-Pesa as its new revenue model.
David Mayes is an advocate for change. However, he is not just someone who shouts slogans from the sidelines, but has actually rolled up his sleeves to see change happen. Whether it is working with coalitions to influence global policies or teaching the next generation, David has had a chance to make a difference for the future. He currently teaches Entrepreneurship at UBCO where he has brought his experiences working in Silicon Valley to bear. He is known for being down to earth, easy to talk to and very friendly. Today David Mayes is In Focus.