If you haven’t heard about Facebook’s Libra coin by now, you must have been asleep or climbing Everest for the past week. Those of you who have been following the social network’s foray into cryptocurrency will know that lots of the attention has focused on big banks. Why are none of them involved in it? And how much of their business could be swallowed by a new coin that promises to allow the exchange of value almost instantly across borders for a minimal cost?
Read More: Financial Times