Libra : a differentiated view on Facebook's virtual currency project

Volker Brühl

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.

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Year of publication:	2020
Authors:	Brühl, Volker
Published in:	Intereconomics : review of European economic policy. - Warsaw, Poland : Sciendo, ISSN 1613-964X, ZDB-ID 2066476-X. - Vol. 55.2020, 1, p. 54-61
Subject:	Facebook, Inc. \| Virtuelle Währung \| Virtual currency \| Geldwirtschaft \| Monetary economy

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1007/s10272-020-0869-1 [DOI] hdl:10419/221928 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

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