This translation has been automatically generated and has not been verified for accuracy.Facebook Inc’s Libra cryptocurrency faced a pivotal meeting of backers on Monday, after the ambitious project to bring digital coins into mainstream commerce suffered another defection, from online travel company Booking Holding.
The latest withdrawals followed the departure of PayPal Holdings Inc. from the Libra Association earlier this month. It leaves Facebook without the backing of any major payments firms for the project, due to launch by June 2020. The Libra Association will also appoint a board at the meeting, the Wall Street Journal reported this month.The group said this month that it would give details after the meeting of the 1,500 entities that have indicated interest in the project.The association, whose remaining 21 members include ride-hailing firms Uber Technologies Inc and Lyft Inc , also consists of non-profit organisations, venture capital groups and blockchain firms.