Facebook’s global digital currency called Libra suffered a major setbacks on Friday with three major backers exiting a group of companies meant to help establish the project. EBay, Stripe, and Mastercard all announced their intention to leave which marks the second major rebuke of Libra after Paypal exited the group just last week. ‘We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member,’ EBay said in a statement. Scroll down for video. The launch of Facebook’s Libra cryptocurrency has been dealt a blow by partners Visa and Mastercard who have backed out of a group of supporters (Stock image) The Libra Association confirmed the exits of EBay and Stripe. Mastercard’s exit was reported by the Wall Street Journal. Facebook announced plans to launch the digital currency in June 2020 in partnership with other members of Libra Association, but the project has quickly run into trouble with skeptical regulators around the world. RELATED ARTICLES Previous 1 Next Mark Zuckerberg wants a wearable device that can read your… Visa and Mastercard ‘could withdraw their support’ from… France will block Facebook’s Libra cryptocurrency in Europe… Facebook will pay $5 BILLION and… Read full this story
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