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Facebook’s Libra Coalition Craters, as Visa, Mastercard, eBay, and Stripe Exit the Crypto Partnership
video Facebook's ambitious plan to create a digital money consortium called project Libra took another major hit on Friday as Visa, Mastercard, eBay, and Stripe dropped out. The departure of four of the biggest "founding members" comes on the heels of PayPal's decision to bail out last week. The departures may pose an existential threat to Libra, which Facebook has touted as a federation of companies that would collectively manage a new cryptocurrency pegged to a basket of fiat currencies, including the U.S. dollar and the euro. As major companies pull out of the project, it will become harder for Facebook ... (full story)
