TY  - UNPD
A1  - Brühl, Volker
T1  - LIBRA – a differentiated view on Facebook’s virtual currency project
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 633
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 form a commercial, regulatory and monetary policy perspective.
T3  - CFS working paper series - 633 
Y1  - 2019
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/51594
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-515946
UR  - https://ssrn.com/abstract=3477599
IS  - Date Written: October 29, 2019
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -