Facebook’s Libra could be a flop after Visa, Mastercard & eBay abandon cryptocurrency ahead of launch ...News

Facebook’s plan to introduce its own cryptocurrency, Libra, next year has faced another serious setback, after Visa, Mastercard, eBay and Stripe became the latest companies to pull out from the project. In statements following their decision, the companies said that they were still interested in the cryptocurrency as a secure digital payment method, but have chosen to focus their resources on other projects for the time being. Facebook declined to comment about the companies’ exit, while the Libra Association said that it was focused on “moving forward and continuing to build a strong association” of businesses that will accept the cur

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