Given how inexpensive e-readers are becoming -- including refurbished Kobos for well under $100 -- the easiest way to share books with a friend is simply get a second Kobo. E-books are generally cheaper than printed books, so they pay for the e-readers themselves over time.
Typically, you can link 5 or 6 physical readers to any account so you can easily share within most families and/or a close friend or two.
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