fbpx
Skip to content Skip to footer

Visa, Mastercard, eBay, Stripe Exit Libra Project

Exit Libra Project
Exit Libra Project

Visa, Mastercard, eBay, and Stripe have decided to leave Facebook’s Libra project, reported The Financial Times.

Last week, PayPal announced that it was exiting from the venture. However, the online payment giant said it will still give its support to the project and hopes to re-join when the right time comes.

Visa said the company has decided to pull out of the association because it needs time to evaluate and inspect various factors. However, Visa said it is open to reentering Libra in the future, sources say.

Mastercard said the company expected a future involvement because the company believes that there are potential benefits. Mastercard said it will monitor Libra movement and see how it goes in the future.

Although payment giants have left the association, some companies are still in the Libra Association. Ride-hailing startups Uber and Lyft, as well as Anchorage, have recently made a stance that they will maintain their partnership with Libra, reported BBC and CNBC.

A ray of hope for Facebook as Lyft tells the BBC it is still supporting Libra.

Uber has no change of heart about the Libra coin, reported CNBC.

Diogo Monica, co-founder of Anchorage, told The Block early last week that the company is dedicated to Libra Association’s work and is proud to be part of it.

Although Libra is facing a lot of pressure from regulators around the world, Facebook is determined to launch its coin in 2020.

You may also want to read:

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us