{"id":18311,"date":"2019-10-13T16:00:39","date_gmt":"2019-10-13T14:00:39","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=18311"},"modified":"2019-10-13T16:00:39","modified_gmt":"2019-10-13T14:00:39","slug":"mercado-pago-visa-ebay-stripe-and-mastercard-are-no-longer-with-libra-project","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/mercado-pago-visa-ebay-stripe-and-mastercard-are-no-longer-with-libra-project\/","title":{"rendered":"Mercado Pago, Visa, eBay, Stripe, and Mastercard are no Longer With Libra Project"},"content":{"rendered":"
The Facebook-backed Libra project is in peril as five major backers of the project will not be joining Libra Association.<\/p>\n
According to several news outlets, Mastercard<\/a><\/strong>, Visa<\/a><\/strong>, digital auction company eBay<\/a><\/strong>, payments firm Stripe<\/a><\/strong> and Mercado Pago<\/a><\/strong> are now officially pulling out their support to the Facebook\u2019s Libra stablecoin project.<\/p>\n On October 5, Crypto Economy reported<\/a><\/strong> that PayPal had also announced its separation from the project. Following the foot print of PayPal, the separation of these five major partners could be major blow to Facebook\u2019s plans to shake up the global payment market.<\/p>\n The officials from these companies are saying they are very closely monitoring the Libra project and they will re-consider their participation if there is some regulatory clarity around the project.<\/p>\n A spokes person from Mastercard, talking to a news outlet, said:<\/p>\n Mastercard has decided it will not become a member of the Libra Association at this time. We remain focused on our strategy and our own significant efforts to enable financial inclusion around the world. We believe there are potential benefits in such initiatives and will continue to monitor the Libra effort.<\/span><\/p>\n<\/blockquote>\n<\/blockquote>\n A Visa spokesperson, said:<\/p>\n Visa has decided not to join the Libra Association at this time. We will continue to evaluate and our ultimate decision will be determined by a number of factors, including the Association\u2019s ability to fully satisfy all requisite regulatory expectations.<\/span><\/p>\n<\/blockquote>\n<\/blockquote>\n\n
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