Ebay, Stripe, Visa, Mastercard, and Mercado Pago are all dropping out of Facebook’s libra cryptocurrency project, the companies announced Friday. The news comes one week after PayPal announced its withdrawal as government regulators continue to scrutinize the plans. From a report: The original coalition of 28 corporate backers of the libra cryptocurrency seems to be dwindling as lawmakers continue to question…
Tag: facebook libra
Donald Trump Blasts Bitcoin, Facebook Libra, Demands They Face Banking Regulations
President Donald Trump on Thursday night warned Facebook over its plan to create digital currency Libra, a move that poses a new obstacle to the company’s cryptocurrency ambitions. From a report: “Facebook Libra’s ‘virtual currency’ will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject…