Facebook's cryptocurrency project suffers massive blow as MasterCard, Visa, eBay, and others withdraw from Libra

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Facebook's cryptocurrency project suffers massive blow as MasterCard, Visa, eBay, and others withdraw from Libra
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The Libra exodus continues. On Monday, Booking Holdings reportedly exited Facebook's cryptocurrency project, joining Visa, MasterCard, eBay, Stripe, Mercado Pago, and PayPal in leaving the initiative.

MasterCard, Visa, eBay, Mercado Pago, and Stripe are exiting Facebook's planned cryptocurrency project, Libra. PayPal also dropped out of talks to work with Facebook on Libra last week. Facebook's deteriorating relationships with Libra partners, combined with intense scrutiny from lawmakers, leaves the future of the initiative uncertain.

MasterCard, Visa, eBay, Mercado Pago, and Stripe are exiting Facebook's planned cryptocurrency project, Libra. PayPal also dropped out of talks to work with Facebook on Libra last week. Facebook's deteriorating relationships with Libra partners, combined with intense scrutiny from lawmakers, leaves the future of the initiative uncertain.

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