Dr John Hawkins is an assistant professor at the University of Canberra. He holds a PhD from the School of Politics and International Relations at the Australian National University. John currently mainly researches in Macroeconomics (especially central banking) and Australian political history and teaches in Economics, International Political Economy, Behavioral Economics and International Relations.
It still appears that if a type of cryptocurrency is to become significant it is most likely to be a digital version of an existing currency issued by a central bank.
Libra may struggle to impact markets unless they adopt a very aggressive strategy of below-cost pricing and are more efficient and much less costly than existing systems.
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