TY  - JOUR
A1  - Brühl, Volker
T1  - Libra — a differentiated view on Facebook’s virtual currency project
T2  - Intereconomics
N2  - Libra — a global virtual currency project initiated by Facebook — has been the subject of many controversial discussions since its announcement in June 2019. This paper provides a differentiated view on Libra, recognising that different development scenarios of Libra are conceivable. Libra could serve purely as an alternative payment system in combination with a dedicated payment token, the Libra coin. Alternatively, the Libra project could develop into a broader financial infrastructure for advanced financial services such as savings and loan products operating on the Libra Blockchain. Based on a comparison of the Libra architecture with other cryptocurrencies, the opportunities and challenges for the development of the respective Libra ecosystems are investigated from a commercial, regulatory and monetary policy perspective.
Y1  - 2020
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/86319
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-863195
SN  - 1613-964X
VL  - 55
IS  - 1
SP  - 54
EP  - 61
PB  - Springer
CY  - Berlin ; Heidelberg
ER  -