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Open Markets Institute

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Libra's supporters say it could open online purchasing to millions of people who do not have access to bank accounts
October 13th, 2019 - 07:30 GMT

Mastercard, Visa and eBay Bow Out of Facebook’s Libra Plans

Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-a…","video_id":"aa92c4b5-e323-4726-95c3-90c8f68f5839","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Cryptocurrencies by Market Capitalization"} On Friday, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant eBay and payments startup Stripe. Last week, PayPal became the first major company to drop out of Libra. The exodus comes amid growing — ...
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