What is happening at Facebook’s libra cryptocurrency project? Some days ago, PayPal quit from this front, now Mastercard, Visa & a host of others, too, have walked away. Read on….
Facebook’s libra cryptocurrency coalition is falling apart as eBay, Visa, Mastercard and Stripe jump ship – CNBC
EBay, Stripe, Mastercard and Visa are all dropping out of Facebook’s libra cryptocurrency project, the companies announced Friday. The news comes one week after PayPal announced its withdrawal as government regulators continue to scrutinize the plans. In statements following the news, the companies said they respect and see potential in the project, but have chosen to focus on other efforts.
Link: Facebook’s libra cryptocurrency coalition is falling apart as eBay, Visa, Mastercard and Stripe jump ship
via www.cnbc.com
Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project – Coindesk
UPDATE (Oct. 11, 2019, 20:27 UTC): Mastercard and Visa have also confirmed they will not be joining the Libra Association.
UPDATE (Oct. 11, 2019, 22:57 UTC): Payments platform Mercado Pago confirmed to CoinDesk that it, too, would “suspend its participation” in the Libra Association.
Mastercard, Visa, digital auction company eBay, payments firm Stripe and Mercado Pago have all pulled out of the Facebook-led Libra Association.
The Financial Times reported Friday that eBay and Stripe dropped out of the Libra cryptocurrency project, citing political pressure, following PayPal, which pulled its own support of the project earlier this week. A Mastercard spokesperson confirmed to CoinDesk that the company will be withdrawing as well.
Link: Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project
Via: www.coindesk.com
