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EBay, Visa, Mastercard and Stripe Pull Out of Facebook Libra Project

12:51 pm on Oct 12, 2019 (gmt 0)

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Facebook's Libra project has lost support from eBay, Visa, Mastercard and Stripe on Friday, following on from PayPal withdrawing a week ago.

The original coalition of 28 corporate backers of the libra cryptocurrency seems to be dwindling as lawmakers continue to question how it will impact sovereign currencies and how the projectís leaders can ensure consumersí protection. Mercadopago and PayU are now the only two payments companies continuing to back the cryptocurrency as of Friday afternoon.


Earlier stories
France Says Facebook's Libra Can't be Allowed in Europe [webmasterworld.com]

Facebook Subsidiary, Calibra, New Digital Wallet for a New Digital Currency, Libra [webmasterworld.com]

U.S. Decides to Ask Facebook Questions Over Libra [webmasterworld.com]
1:19 pm on Oct 12, 2019 (gmt 0)

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I am not really surprised, especially nowadays.