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Monday, July 15, 2019

Libra, a digital currency that is still surrounded by questions

The announcement of the launch of Libra, the digital currency that Facebook plans to implement, has sparked interest, concern and, above all, great uncertainty about its viability as a business and its financial and social impact.

Key points

  • Key points:
  • This uncertainty can be conveyed in the form of three key questions: How convertible, how well supported and how well regulated would Libra be?
  • Even if Libra doesn't go into the transformation business, there is the wild scenario in which the digital currency becomes so successful that it ends up replacing deposits in commercial banks.

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