Description: Private digital money just doesn’t work. Or so say the doubters, and they’ve been right. Wildly fluctuating cryptocurrencies — bitcoin and thousands of variants — have demonstrated that the miracle of blockchain-driven digital currencies, altcoins, crypto tokens and other forms of electronic cash cannot serve the role of money.

Source: FinancialPost.com

Date: Nov 29, 2019

Link: https://business.financialpost.com/technology/blockchain/why-libra-passes-the-money-test-and-bitcoin-doesnt

Questions for discussion:

• Summarize the arguments for the successful establishment of Libra?
• How would this development affect banking?