I’ve decided to talk more about our inner workings at @Lightspark to share more of the journey with the community of builders out there. In that spirit, this week, we spent time challenging ourselves quite hard on our choice to build on Lightning. Here’s what happened 🧵 1/12 I always tend to push hard on avoiding to continue on a current glide path because of sunk costs. It’s healthy to challenge past decisions when new information becomes available and either recommit and double down, or change direction. 2/12

Follow-up of my last tweet. A small 🧵 about how the EU keeps falling behind when it has all the talent and resources to be a leading region in the world. In the early days of Libra, I had fascinating conversations with senior leaders at the ECB. 1/14 The short version of it was that Europe resented the fact that the vast majority of transactions were settled on US payment networks. 2/14

Today with Facebook becoming Meta, we're unifying our payments and financial services unit and products under the @Novi brand. Let me unpack what this will mean across @Meta. 1/7 We've been in the business of facilitating payments across our apps for over a decade, and we've processed over $100B in the last 12 months across our products. 2/7

I don’t think we fully internalize the compounding effects of the labor market issues combined with our supply chain disruption and macro trends. A mini 🧵 as I’d love to head expert opinions on this topic. 1/5 I was talking to the CEO of one of the largest hotel chains in the country, and he confirmed what I had heard at a smaller scale from restaurant owners. The sector can’t adequately re-hire people. People have received govt stimulus checks, they’re not eager to go back. 2/5

Remittances are a critical way to achieve financial inclusion. Today, we’re rolling out a small pilot of the @Novi digital wallet app in two countries — the US and Guatemala. People can send and receive money instantly, securely, and with no fees. 1/8 We’re doing a pilot to test core feature functions, and our operational capabilities in customer care and compliance. We’re also hopeful this will demonstrate a new stablecoin use case (as a payments instrument) beyond how they are typically used today. 2/8

Excited with the progress of @Libra_ in the last 9 months. I keep on thinking about all the people and small businesses that could benefit from the Libra Network already being operational — especially now during these times of unprecedented hardship. 1/8 The Libra Association is now funded by its members (with less than 10% of the funding coming from Facebook), and has adapted its plans after engaging with key stakeholders globally. 2/8

1/ About monetary sovereignty of Nations vs. Libra: 2/ Recently there's been a lot of talk about how Libra could threaten the sovereignty of Nations when it comes to money. I wanted to take the opportunity to debunk that notion.

1/ Hello, ≋ 2/ Libra's mission is to enable a simple global currency and financial infrastructure that empowers billions of people.