Facebook's libra cryptocurrency coalition is falling apart as eBay, Visa, Mastercard and Stripe jump ship

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Facebook’s libra cryptocurrency coalition is falling apart as eBay, Visa, Mastercard, and Stripe jump ship.

The backers abandoning the project may have found safety in numbers after PayPal announced its exit last week. News that eBay, Stripe and Mastercard were each dropping out quickly followed one another Friday afternoon, indicating all three had likely been thinking about leaving during the same period. The decisions come ahead of a planned Libra Association Council meeting on Oct. 14. A week later, libra's cryptocurrency project will take center stage in front of U.S.

The Libra Association, the nonprofit in charge of managing the cryptocurrency, said Friday afternoon it is still looking to move forward. In a statement, policy and communication head Dante Disparte said, "We are focused on moving forward and continuing to build a strong association of some of the world's leading enterprises, social impact organizations and other stakeholders to achieve a safe, transparent, and consumer-friendly implementation of a global payment system that breaks down financial barriers for billions of people.

 

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Hmm. Was there something not on the up -an -up

BYE

Good, FB bitcoin would make it even easier for Russian to buy ads to interfere with our election again.

Facebook is old news NextMyspace

You call it falling apart, I call it just getting started. Remember when yellow taxi didn’t join Uber ? Or blockbuster didn’t take netflix seriously?

Fox News had become an American replica of the old Soviet State run media. Where misinformation posed as truth. At Fox if you call out Trump's lies evidently you're out. Pretty sad state of affairs and all the more reason to go ahead with Impeachment.

Ebay owns Paypal.... so that was a giving

Libra is ahead of its time right now and causing regulators to erect barriers which spooks all others, but it’s inevitable that Libra, or another/others, will be the future. So, for FB, now it’s right to pause and plan to come back another day, but soon.

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