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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

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

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authors

  • Sri Handayani

    Sri Handayani

    Universitas Negeri Malang
  • Antony Martini

    Antony Martini

    Community Engagement Manager of The_LHoFT
  • Eric M. Thomson

    Eric M. Thomson

    Estudiante en GBSB Global Business School, Spain

Published Date

  • Apr 23, 2020

Is Libra_Facebook’s New Currency Can Increase Financial Inclusiveness?

KnE Social Sciences / The 3rd International Research Conference on Economics and Business / Pages 414–423

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
[1] 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/

[2] 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

[3] 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

[4] 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.

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

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

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

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

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