Axar.az
UP
21 October 2019


Facebook’s Libra in deep trouble

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

Companies almost queued up when Facebook announced plans to launch its global cryptocurrency in 2020. Now it seems that the project could be delayed or scrapped altogether as it faces pressure from governments and regulators.

Axar.az reports citing foreign media that Visa, Mastercard, eBay, and Stripe have said they are leaving Facebook’s Libra one week after PayPal announced its withdrawal. In a statement explaining their decision, eBay, Visa, and Stripe all said they respect and continue to have interest in Libra, but had decided to focus on other projects. Mastercard did not respond to a request for comment.

The coalition of 28 corporate backers of the cryptocurrency is dwindling. Each participant is supposed to invest 10 million dollars in the project. The only two payment companies that still support Libra are PayU and Mercadopago. The development comes as the first official Libra council, the governing body of the cryptocurrency, is to start on 14 October.

Date
2019.10.12 / 18:58
Author
Axar.az
Comments
See also

Xiaomi says plans to launch more than 10 5G phones

China's next rockets to make test flights in 2020, 2021

Tesla tries to establish supremacy

Mark Zuckerberg: The real threat is TikTok and China

How to enable dark mode for Instagram

Facial recognition works with people eyes closed

Facebook chief rules out banning political adv

Samsung: Anyone's thumbprint can unlock Galaxy S10

Netflix Rises 6%

Facebook defends its currency - Libra

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla