In the FT, Hannah Murphy reports about Facebook’s launch of Libra.

Lots of skepticism in the comments section.

And Hannah Murphy reports that

[p]ositive Money, a consumer campaign group, attacked the proposal. “Our money is increasingly in the hands of a small number of banks and payment companies, and we should avoid ceding further control to unaccountable corporate interests. Facebook’s plans pose alarming implications for privacy and power in the economy,” said David Clarke, the head of policy at the group.