Libra: Facebook’s digital currency

Facebook has revealed plans for a new global digital currency backed by assets and supported by more than two dozen companies ranging from Visa and Mastercard to Lyft and Spotify, bringing the heft of the world’s largest social network to efforts to transform financial services.

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Initial backers for new currency include Visa, Uber, Vodafone and Spotify

Digital currency plan has already garnered a backlash, but may still be hugely disruptive

Regulators will want answers before currency launches

Social network quietly assembled a crypto team and courted partners for more than a year

Banks were notably absent from list of initial backers 

If they want to help, just start a foundation, without the new currency.

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FT's Tim Bradshaw explains the new currency launched by the tech giant

Social media group hopes to target obvious goal of costly transfers