EBay exits Facebook's cryptocurrency Libra (page 4)

Illustration by William Joel / The Verge Lawmakers have begun actively pressuring members of the Libra Association, the international blockchain payments project led by Facebook, to reconsider their involvement with the group. In a new letter sent to the CEOs of Visa, Mastercard, and Stripe, Sens. Brian Schatz (D-HI) and Sherrod Brown (D-OH) warn of enormous risks inherent in the Libra project, including facilitating criminal and terrorist financing and destabilizing the global financial system. The letter also suggests the companies would face increased oversight from financial regulators in their conventional, non-blockchain businesses if they continue with the association. “This journey to build a generational payment network like the Libra project is not an easy path.” “... Continue reading…

EBay exits Facebook's cryptocurrency Libra

EBay Inc said on Friday it would exit Facebook Inc's planned cryptocurrency Libra, joining Paypal.

Fri 11 Oct 19 from Reuters Technology

Senators pressure Visa and Mastercard over work on Facebook’s blockchain project

Illustration by William Joel / The Verge Lawmakers have begun actively pressuring members of the Libra Association, the international blockchain payments project led by Facebook, ...

Wed 9 Oct 19 from The Verge

Facebook Libra loses Mastercard and Visa support

Libra cryptocurrency sees more backers drop out.

Mon 14 Oct 19 from Techradar

Now Facebook friends eBay, Stripe, and Mastercard are bailing on Libra too

In the span of one week, four big corporate partners have backed out of Facebook’s controversial plan to launch a digital currency called Libra. In the span of one week, four big corporate ...

Fri 11 Oct 19 from Fastcompany Tech

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