Libra cryptocurrency: dare you trust Facebook with your money?

John Naughton
The social media giant’s foray into bitcoin territory – with some financial big hitters on board – should prompt suspicion
Sun 23 Jun 2019 07.00 BST
Libra: you trust Facebook with your data. What about your money? Photograph: Chesnot/Getty Images
W e’ve known for ages that somewhere in the bowels of Facebook people were beavering away designing a cryptocurrency. Various names were bandied about, including GlobalCoin and Facebook Coin. The latter led some people to conclude that it must be a joke.