Kroszner and I wrote about related possibilities in our 1994 book Explorations in the New Monetary Economics. Here is a not very informative WSJ article. Here is Ben Thompson speculating from his email newsletter: This, then, is what I suspect is the overall motivation for Facebook’s efforts: having its own currency will allow for transactions […] The post The Facebook cryptocurrency appeared first on Marginal REVOLUTION.
More like this (4)
Libra is less about an immediate benefit to Facebook, and more about creating a world where...
Despite skepticism and concern about Facebook’s reach, the company envisions an alternative financial system based on...