Facebook's Libra cryptocurrency project suffers massive blow as MasterCard, Ebay, and Stripe withdraw

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Facebook's Libra cryptocurrency project suffers massive blow as MasterCard, Ebay, and Stripe withdraw
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BREAKING: The future of Facebook's cryptocurrency project is in jeopardy as Mercado Pago joins Visa, MasterCard, eBay, Stripe, and PayPal in departing Libra

MasterCard, Ebay, 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 potential Libra partners, combined with intense scrutiny from lawmakers, leaves the future of the initiative uncertain. Visit Business Insider's homepage for more stories.

MasterCard, Ebay, 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 potential Libra partners, combined with intense scrutiny from lawmakers, leaves the future of the initiative uncertain. Visit Business Insider's homepage for more stories.

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