Facebook has revealed plans for an ambitious new digital currency, libra, ending months of speculation about the project.

In libra's early stages, Facebook published documents revealing ideas for the currency and some heavyweight partners. Details will be hashed out in the coming months; here is what we know so far.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now