Dump Libra or Face Regulatory Wrath
Facebook’s crypto woes are deepening as more partners are jumping the Libra ship before it even sets sail. It appears that US senators are urging...
Category : VISA
Facebook’s Being Sued Over Calibra Logo in Latest Hit to Libra
Looks like Libra’s terrible, horrible, no good, very bad week isn’t over yet. In addition to major backers like PayPal, eBay, Stripe, Visa, and Mastercard...
Why each Libra member’s mutiny hurts Facebook
There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook -led cryptocurrency Libra Association . They’re not just names...
Visa, Mastercard, Ebay, Stripe Join Paypal in Leaving Libra
Most payment companies have now pulled out of Facebook’s Libra project. Visa, Mastercard, Ebay, and Stripe have followed Paypal in dropping out of the project...
Big blow to Facebook’s Libra: Mastercard, Visa, Stripe, eBay and Mercado Pago all pull out
The floodgates opened today on Facebook Inc.’s Libra Association as no fewer than five more companies exited the group overseeing the social network’s proposed cryptocurrency: Mastercard...
Visa, EBay, Stripe and Mastercard Abandon Facebook’s Libra Project
Visa, EBay, Stripe and Mastercard have all announced that they are dropping out of Facebook’s Libra Association and its associated stablecoin project. Four companies abandon...
U.S. Warns Visa, Mastercard to ‘Proceed With Caution’ Regarding Libra
In the wake of Paypal’s very public exit from the Libra project, U.S. lawmakers are now pressuring Stripe, Visa and Mastercard to rethink their membership...
Zuckerberg to testify in Washington Oct. 24 as Libra partner calls for independence
Facebook Inc. Chief Executive Mark Zuckerberg is heading to Washington D.C. to testify before the House Financial Services Committee Oct. 23. Meanwhile, Vodafone Group Plc,...
Mastercard, Visa and Stripe Asked to Reconsider Facebook Libra Participation by U.S. Senators
In a letter to Visa, Mastercard, and Stripe, Senate Democrats Sherrod Brown and Brian Schatz have asked the companies to reconsider their involvement with Facebook’s...
US Lawmakers Call on Payment Giants to Exit ‘Chilling’ Libra Project
Two U.S. Senators have publicly asked Visa, Stripe, and Mastercard to remove themselves from the Facebook-led cryptocurrency payment network, Libra. Senator Brian Schatz (D-HI) and...
US Senators Directly Caution Visa, Mastercard On Libra After PayPal Exit
Facebook Libra backers Visa, Mastercard and Stripe have received a direct warning from US politicians about their involvement with the project. Senators: ‘You Should Be...
PayPal becomes the first company to leave Facebook’s Libra Association
PayPal Holdings Inc. has become the first company to withdraw from Facebook Inc.’s Libra Association, the body set up to oversee the proposed cryptocurrency. Rumors...
Paypal Exits Libra – Mastercard and Visa May Follow
Facebook’s ambitious financial inclusion project, Libra, continues marching forward in spite of mountainous regulatory obstacles, but key members of the Libra Association are having doubts...
PayPal is the first company to drop out of the Facebook-led Libra Association
PayPal has become the first company to walk away officially from Facebook’s Libra, a cryptocurrency and related association that it announced earlier this year with a...
What it means for Facebook’s Libra to lose PayPal
Facebook’s Libra cryptocurrency project has lost its first major ally. PayPal — where the head of Facebook’s Libra project once served as president — has...