Libra Could Compete With Traditional Central Bank Currencies: Kroszner

The video discusses Bitcoin as an asset, comparing it to gold, and highlights its volatility, which limits its use as a currency. It introduces Libra, a stable coin by Facebook, aiming to be less volatile and more widely used. The video explores the regulatory challenges Libra faces, similar to those PayPal encountered, and its potential to disrupt traditional currencies due to its large user base and backing by a major company.

What are the key characteristics that define money according to the text?

What is the significance of Facebook's user base in relation to Libra's potential success?

What challenges does Libra face in terms of regulation?

How does the text describe the volatility of Bitcoin compared to Libra?

In what ways could Libra potentially disrupt traditional currencies?