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

         

engine

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

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



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 project’s leaders can ensure consumers’ protection. Mercadopago and PayU are now the only two payments companies continuing to back the cryptocurrency as of Friday afternoon.


[cnbc.com...]

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]

JorgeV

1:19 pm on Oct 12, 2019 (gmt 0)

WebmasterWorld Senior Member 5+ Year Member Top Contributors Of The Month



Hello-

I am not really surprised, especially nowadays.