Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Libra

Handbook of Research on Current Trends in Asian Economics, Business, and Administration
A Facebook cryptocurrency aiming to become one of a world’s most used currencies, with ease of use such as texting messages. Libra is claimed as a stablecoin with its value based on fiat currencies and reserved assets. It is designed to perform under its own blockchain network called ‘Libra’s blockchain’ and to be used via its electronic wallet called ‘Calibra’. In 2021, Libra has been renamed ‘Diem’.
Published in Chapter:
Adoption of Libra as a Digital Currency in Thailand
Tanpat​ Kraiwanit​ (Rangsit​ University​, Thailand) and Anun Limsakul (Rangsit​ University​, Thailand)
DOI: 10.4018/978-1-7998-8486-6.ch008
Libra, Facebook's cryptocurrency, is expected to have an impact on the global monetary system; therefore, it is interesting to investigate Libra's adoption in Thailand. The objectives of this research are to examine the key factors in the acceptance of Libra and to gain an understanding of Libra. Logistic regression analysis was used for data analysis. The results indicate that Libra coins have not been accepted among Thais yet. Factors in influencing the acceptance of Libra are age, career, saving, social media, and knowledge scores. To encourage the adoption of Libra, the chapter suggests that gaining knowledge about cryptocurrency nationwide should be prioritised. Moreover, financial institutions should encourage the usage of cryptocurrency among low-saving clients and small enterprises as these groups tend to accept Libra rather than those with a large amount of savings. If cryptocurrencies are accepted nationwide, it might attract investors and boost Thai economic growth.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Sovereign Bureaucrats vs. Global Tech Companies: Ethical and Regulatory Challenges
Full Text Chapter Download: US $37.50 Add to Cart
The Vision of Freedom and the Potential of Blockchain
A global payment system proposed by Facebook (now Meta) and others. The issuing organization included about 30 companies and organizations such as major US payment companies Visa, Mastercard, and PayPal. The system is based on blockchain technology. Unlike other cryptocurrencies, such as Bitcoin, Libra is a type of stablecoin that can be exchanged for a specific ratio of dollars, euros, and other currencies, ensuring a stable value.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR