10/11/2019, 11:16 PM (Source: TeleTrader)
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FB's Libra loses support of four more backers

Facebook's cryptocurrency project Libra has lost the support of four more major companies.

Following PayPal's suit, Visa, Mastercard, eBay and Stripe all decided to quit the digital currency project. "We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member. At this time, we are focused on rolling out eBay’s managed payments experience for our customers," an eBay spokesperson said.

Last week, PayPal announced it withdrew from the Libra project but noted it will continue discussions on potential cooperation with the project in the future.

Breaking the News / NP