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Payments Giants Abandon Facebook’s Libra Cryptocurrency

Çağlar Arlı      -    6 Views

Payments Giants Abandon Facebook’s Libra Cryptocurrency

Mastercard, Visa, eBay and payments firm Stripe have pulled out of Facebook’s embattled cryptocurrency project, Libra.

Their move, first reported in the Financial Times, follows the withdrawal of PayPal, announced last week. It represents a huge blow to the social network’s plans to launch what it envisions as a global currency. The project has drawn heavy scrutiny from regulators and politicians, particularly in the US. Facebook chief executive Mark Zuckerberg will appear before the...
Payments Giants Abandon Facebook's Libra Cryptocurrency