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Understanding Platform-Based Digital Currencies

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Given technological advances and the widespread use of the Internet, various digital currencies have emerged. In most cases, Internet platforms such as Facebook and Amazon restrict the functionality of their digital currencies to enhance the business model and maximize their profits. While platform-based digital currencies could increase the efficiency of retail payments, they could also raise some important policy issues if they were to become widely used outside of the platform. Thus, it is important to closely monitor the evolution of these digital currencies.

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  • Ben Fung & Hanna Halaburda, 2014. "Understanding Platform-Based Digital Currencies," Bank of Canada Review, Bank of Canada, vol. 2014(Spring), pages 12-20.
    • Handle: RePEc:bca:bcarev:v:2014:y:2014:i:spring14:p:12-20
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    File URL: https://www.bankofcanada.ca/wp-content/uploads/2014/05/boc-review-spring14-fung.pdf
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Libra's dramatic call to regulatory action
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-07-15 12:10:12

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    Cited by:

    1. Jakšić Milena & Todorović Violeta & Matić Jelena, 2022. "The Influence of Digital Currency on the Banking Sector in Europe," Economic Themes, Sciendo, vol. 60(4), pages 481-494, December.
    2. Neil Gandal & Hanna Halaburda, 2014. "Competition in the Cryptocurrency Market," Staff Working Papers 14-33, Bank of Canada.
    3. Gaston Giordana & Paolo Guarda, 2019. "Why do social networks introduce virtual currencies?," BCL working papers 132, Central Bank of Luxembourg.
    4. Ćosić Karlo & Časni Anita Čeh, 2019. "The impact of cryptocurrency on the efficient frontier of emerging markets," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 5(2), pages 64-75, December.
    5. Henry, Christopher S. & Huynh, Kim P. & Nicholls, Gradon, 2018. "Bitcoin awareness and usage in Canada," Journal of Digital Banking, Henry Stewart Publications, vol. 2(4), pages 311-337, May.
    6. Christopher Henry & Kim Huynh & Gradon Nicholls, 2017. "Bitcoin Awareness and Usage in Canada," Staff Working Papers 17-56, Bank of Canada.
    7. Arango, Carlos & Huynh, Kim P. & Sabetti, Leonard, 2015. "Consumer payment choice: Merchant card acceptance versus pricing incentives," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 130-141.
    8. Svetlana V. Krivoruchko, 2018. "Cryptocurrencies and Approaches to Their Regulation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 120-129, October.

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