This article states job losses are continuing in European Banks,so maybe they are in bad shape and can't afford this kind of competition:
https://www.lesechos.fr/finance-marches/banque-assurances/lhecatombe-sociale-se-poursuit-dans-la-finance-europeenne-1125929
RE: Why Libra is getting so much attention?
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Why Libra is getting so much attention?