Facebook Coin: A Crypto Currency Relevant for Hundreds of Millions of People in Developing and Emerging Countries

Authors: Jonas Groß, Philipp Sandner, Felix Bekemeier.

On June 18, 2019, the white paper of Facebook’s crypto currency project “Libra/Calibra” has been released. First information with respect to the vision, the goal and the implementation of the project have been published.

Key insights

  • The goal is to provide a stable token backed by real assets as bank deposits and government

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Jonas Gross

Jonas Gross is Chairman of the Digital Euro Association (DEA) and Head of Digital Assets and Currencies at etonec. Further, Jonas holds a PhD in Economics.