Libra — a differentiated view on Facebook’s virtual currency project
- 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.
| Author: | Volker BrühlORCiDGND |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-863195 |
| DOI: | https://doi.org/10.1007/s10272-020-0869-1 |
| ISSN: | 1613-964X |
| Parent Title (English): | Intereconomics |
| Publisher: | Springer |
| Place of publication: | Berlin ; Heidelberg |
| Document Type: | Article |
| Language: | English |
| Date of Publication (online): | 2020/01/30 |
| Date of first Publication: | 2020/01/30 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2024/07/18 |
| Volume: | 55.2020 |
| Issue: | 1 |
| Page Number: | 8 |
| First Page: | 54 |
| Last Page: | 61 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Creative Commons - CC BY - Namensnennung 4.0 International |
