Libra's Ship Is Sinking as Multiple Major Partners Abandon Facebook's Troubled Cryptocurrency (page 3)

Illustration by William Joel / The Verge Mastercard, eBay, and Stripe have all withdrawn from the Libra Association, dealing a major blow to Facebook’s plans for a distributed, global cryptocurrency. The withdrawals were first reported by the Financial Times and Bloomberg. Mastercard, eBay, and Stripe backed out just one week after PayPal (eBay’s former parent company) withdrew from the association. The move also comes just days before the first official meeting of the Libra Association, scheduled for October 14th in Geneva, which will likely result in more specific commitments from all the members involved. Still, the defections leave Libra in a precarious place as they hope to move beyond initial criticisms of the project. “We highly respect the vision of the Libra... Continue reading…

Mastercard, Visa, others exit Facebook's Libra project

Facebook Inc's efforts to establish a global digital currency called Libra suffered major setbacks on Friday, as EBay Inc , Stripe Inc, Mastercard and Visa Inc all said they were leaving ...

Fri 11 Oct 19 from Reuters Technology

Facebook's Libra cryptocurrency project in crisis as Visa, Mastercard pull out

Facebook is now facing an exodus of companies from its Libra cryptocurrency effort.

Fri 11 Oct 19 from CNN

EBay, Stripe join PayPal in exiting Facebook's cryptocurrency Libra

Facebook's efforts to establish a global digital currency called Libra suffered several setbacks on Friday as EBay Inc , Stripe Inc, and Mastercard all announced they were leaving the Libra ...

Fri 11 Oct 19 from Reuters Technology

Mastercard, eBay and Stripe pull out of Facebook's Libra

Mastercard, eBay and Stripe announce they are no longer supporting Facebook's effort to launch a currency.

Fri 11 Oct 19 from BBC Technology

eBay, Stripe and Mastercard pull out of Facebook's Libra cryptocurrency

Stripe and eBay have followed PayPal in backing out of Facebook's cryptocurrency, Libra. They confirmed to the Financial Times that they would pull their support.

Fri 11 Oct 19 from Engadget

Facebook's Libra cryptocurrency loses eBay support - CNET

eBay has followed PayPal in dropping out of the Libra Association.

Fri 11 Oct 19 from CNET Cutting Edge

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