Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/221928 
Authors: 
Year of Publication: 
2020
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 55 [Issue:] 1 [Publisher:] Springer [Place:] Heidelberg [Year:] 2020 [Pages:] 54-61
Publisher: 
Springer, Heidelberg
Abstract: 
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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Creative Commons License: 
cc-by Logo
Document Type: 
Article

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