More companies back away from Facebook's Libra coin

Facebook's digital currency alliance lost more companies on Friday amid heavy criticism from regulators around the world on the planned Libra global cryptocurrency.

"We remain focused on our strategy and our own significant efforts to enable financial inclusion around the world. We believe there are potential benefits in such initiatives and will continue to monitor the Libra effort." Silicon Valley-based eBay said:"We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member."

The original list of founding members was cut to 23 factoring in the departures from the group on Friday. An list of founding members is to be announced at an inaugural Libra Association council meeting on Monday, according to Disparte.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook's Libra currency abandoned by major financial companiesWASHINGTON (REUTERS) - Facebook's ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday (Oct 11), as major payment companies including Mastercard and Visa quit the group behind the project.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

More companies back away from Facebook's Libra coinFacebook's digital currency alliance lost more companies on Friday amid heavy criticism from regulators around the world on the planned Libra ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

More companies back away from Facebook's Libra coinFacebook's digital currency alliance lost more companies on Friday amid heavy criticism from regulators around the world on the planned Libra ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »