Libra Could be a Global Central Bank Archives

daniel June 26, 2019June 26, 2019 BABB (BAX), Bancor Network (BNT), Facebook could give Libra a Lot of Power, Facebook’s Project Libra, global central bank, Libra could add a lot of value to Facebook\, Libra Could be a Global Central Bank, Libra vs. Bancor, Lord John Maynard Keynes’ proposed global currency, Request Network (REQ), the Libra Association, There is nothing original about Facebook’s Project Libra, What we Don’t Know About about Project Libra

There is nothing original about Facebook’s Project Libra

The organization that will administer Libra, the Libra Association, looks like a central bank

To explain, a central bank issues currency, backs currency with a reserve, and regulates and administers the ecosystem that distributes the currency. Beyond that a central bank acts a a bank for other banks. I think the Libra Association looks like a Central Bank for global electronic payments systems like Visa and PayPal.