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Profitability lags for private currencies

Profitability lags for private currencies

Source: Bank of Canada

Bank of Canada staffers look at the economics of virtual private currencies.

This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits. In a model of platform management, the authors find that it will not likely be profitable for such currencies to expand to become fully convertible competitors to state - sponsored currencies.

Download the document now 597.9 kb (PDF File)

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National Bank of Canada

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Payments Retail banking

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