Is Libra_Facebook’s New Currency Can Increase Financial Inclusiveness?

Authors

  • Sri Handayani Universitas Negeri Malang
  • Antony Martini Community Engagement Manager of The_LHoFT
  • Eric M. Thomson Estudiante en GBSB Global Business School, Spain

DOI:

https://doi.org/10.18502/kss.v4i7.6871

Abstract

Facebook has announced a digital currency named Libra that will allow billions of users to make financial transactions across the planet. Libra which has the Libra Blockchain component, the Libra currency, and Libra association. This article has question on: 1) How could the Libra Association increase financial inclusiveness via its new payment platform? 2) How should Financial and Legal Authorities think of regulating the new Libra virtual currency?

Keywords: FinTech, Libra, Financial Inclusion

References

Dante Disparte. Libra cryptocurrency will increase financial inclusion. July 2019. https: //eu.rgj.com/story/opinion/2019/07/03/facebook-libra-currency-increase-financial-inclusion-editorials-debates/1644419001/

Dante Disparte. Libra cryptocurrency is a tool for financial empowerment. Not a threat. July 2019. https://edition.cnn.com/2019/07/16/perspectives/libra-facebook-cryptocurrency-threat/index.html

Stan Schroeder. Facebook's new Libra cryptocurrency: What you need to know. June, 2019. https: //mashable.com/article/facebook-libra-deep-dive/?europe=true&utm_cid=a-seealso

International Bank for Reconstruction and Development/The World Bank, 2018 diakses pada tanggal 22 July pukul 19.20. https://www.worldbank.org/en/topic/financialinclusion/overview.

Jameson Lopp. July 18.2019. https://onezero.medium.com/thoughts-on-libra-blockchain-49b8f6c26372

Rohan Gray. July 22.2019. https://www.thenation.com/article/facebook-libra-currency- digital/

Ryan Brown. July 19.2019. https://www.cnbc.com/2019/07/19/bitcoin-vs-libra-how- facebooks-cryptocurrency-is-different.html

Anne Conely. June 26.2019. https://futureofgood.co/facebook-new-libra-coin/

The economist. July 12.2019. https://www.economist.com/the- economist- explains/2019/07/12/what-is-libra

Downloads

Published

2020-04-23

How to Cite

Handayani, S. ., Martini, A. ., & Thomson, E. M. . (2020). Is Libra_Facebook’s New Currency Can Increase Financial Inclusiveness?. KnE Social Sciences, 4(7), 414–423. https://doi.org/10.18502/kss.v4i7.6871