Brief Comments On Libra And Online Commerce — Brian Romanchuk

Summary:
Facebook has led a consortium which has unveiled a white paper on a proposed Libra cryptocurrency. It is described as being backed by a multi-currency portfolio of government bonds, and so it might be looked at as a currency basket. I am not an expert on Libra, but I just wanted to comment on the pros and cons of such a basket for small online commerce players (such as BondEconomics.com). I also conclude with a short discussion of systemic risk posed by this platform.... Bond Economics  Brief Comments On Libra And Online CommerceBrian Romanchuk

Topics:
Mike Norman considers the following as important: cryptocurrency, ecommerce, Facebook, Libra

This could be interesting, too:

Frances Coppola writes The fatal flaws of Celsius Network

Frances Coppola writes Where has all the money gone?

Frances Coppola writes Why Celsius Network’s depositors won’t get their money back

Frances Coppola writes Shipwrecked