The Libra has lost six founding members in recent days

The Libra has lost six founding members in recent days

Libra’s ambitious and controversial cryptocurrency project has lost six founding members in recent days. eBay, the Stripe payment provider, Visa and Mastercard have announced that they will no longer participate in the Libra Association, the non-profit organization that oversees the project. The online payment platform of Mercado Libre, MercadoPago and Booking Holdings Inc, one of the largest online tourism corporations, has also withdrawn from the Libra Association.

Despite losing 20% ​​of the founders before the official launch, David Marcus, Libra’s project manager, declared that Facebook will continue its efforts to move forward.

He stressed that the Libra team needs 100% involved members in order to continue properly.

PayPal started

With last week’s PayPal withdrawal, Libra lost six founding members, which is a serious blow to the project. All five companies have expertise in payment and transfer technology. Analysts say Libra needs this knowledge to ensure the success of its cryptocurrency.

Read This Now:   Bulgaria is negotiating with Gazprom to resume fuel supplies

“We believe that Libra will fail without the involvement of the major players in the payments market, as they would have made a major contribution to the essential expertise in the field of payments. They would also have ensured brand trust, global acceptance and settlement networks and relationships with every financial institution, government and regulatory body worldwide, ”

is mentioned in an analysis by MoffettNathanson.

Departures were largely due to pressure from regulators and governments around the world. Reactions to the project have been largely negative, as the cryptocurrency Libra is considered a threat to global financial stability.


Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/gamefeve/bitcoinminershashrate.com/wp-includes/functions.php on line 5420

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/gamefeve/bitcoinminershashrate.com/wp-includes/functions.php on line 5420