• MENU
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar

SecNews In Depth IT Security News

  • MANIFESTA Blog
  • Inet
  • Security
  • Investigations
  • tweaks
  • Views
  • TV
  • Search
  • MANIFESTA Blog
  • Inet
  • Security
  • Investigations
  • tweaks
  • Views
  • TV
  • Search
Home / inet / Mastercard, Visa & eBay leave Facebook Libra

Mastercard, Visa & eBay leave Facebook Libra

October 12, 2019, 7: 47 am by giorgos Leave a Comment

Bad news for Mark Zuckerberg's ambitious plan: Mastercard, Visa, Stripe and eBay leave Facebook Libra payment network, according to reports, putting Facebook's entry into the encryption market at immediate risk.

The news is coming a few days after PayPal was removed project, followed by several months of scrutiny by global regulators.

MasterCard

Facebook announced the Libra project June of 2019, explaining that it intends to release a digital currency 2020.

Digital currency could be integrated into Facebook's services to provide the necessary tool for all e-commerce transactions on the social network platform and beyond.

At that time, Facebook proudly announced that there were many large companies in the industry supporting the project, and formed the Geneva-based Libra Association, a consortium that would oversee its encryption and development.

The initial members of the consortium were Uber, Lyft, Spotify, Vodafone, Mercado Pago, PayU and others.

But slowly the companies - supporters of the ambitious project started to leave. Of course, all those who left the consortium tried to leave the door open (perhaps for a return if they saw the idea enthusiastically adopted).

"Visa has decided not to join the Libra Association right now," a Visa spokeswoman told ZDNet.

Visa's continued interest in Libra stems from our belief that blockchain-based networks could be extended to secure digital transactions to a greater number of people and places, especially in emerging and developing markets.

A Stripe spokesman told ZDNet:

Stripe supports projects that aim to make e-commerce more accessible to people around the world, and Libra has this potential, we will keep a close eye on its progress and remain open to working with the Libra Association at a later stage.

While eBay reported:

We respect the vision of the Libra Association. However, eBay has decided not to go as a founding member.

Mastercard has not made any statement at this time.

Here's to mention that after Facebook announced the Libra project, there were a lot of reactions:

  • Facebook Libra stop by American Lawmakers
  • Facebook Libra: Three questions for Facebook
  • Facebook Libra: command to stop the project
  • Facebook Libra: France doesn't want it in Europe
  • PayPal withdraws from Facebook Libra Association

How useful was this post?

Average rating 5 / 5. Vote count: 1

Mastercard, Visa & eBay leave Facebook Libra was last modified: October 12, 2019, 7: 47 by giorgos

Share
Do you have an opinion? Leave your comment.

The author allows you to copy his / her text only if you report the source (SecNews.gr), as an e-mail address (Live URL) of the article.
Updated on 12 October | 07: 47 by giorgos

Competition: inetTag: ebay, Facebook, Libra, Libra Association, mastercard, stripe, Visa:

giorgos

About giorgos

希腊语 希腊语 我 来说 来说

Previous Post: « Tails Project: Tails 4.0 Release Candidate
Next Post: Razer Phone: Want a mobile for gaming? This is the choice for you! Razer»

Reader Interactions

Comment Policy:

SecNews.gr does not immediately post comments. Malicious comments, comments that include ads, or comments with insults are deleted without any warning. We do not endorse the views expressed by our readers.


Leave a reply Ακύρωση απάντησης

Your email address is not published. Τα υποχρεωτικά πεδία σημειώνονται με *

Primary Sidebar

  • Base64 encoded image 35,641 Happy fans
  • Base64 encoded image 3,657 Followers

trending


Find out how much damage your SSD drive has to Windows 10
Lidl Black Friday deals: Maybe we get the Xbox One S at a low price?
Zorin OS 15 Lite to replace Windows 7
Windows 7 hack to continue with support
Windows 10 Version 1909 installation keys
Bliss OS run the latest Android on your computer
Windows 7 Too hard to die
SecNews MX Linux 19 x64 custom ISO release for Windows
Kickass Torrents: LOC 15 alternatively site for free movies and games!
Remove viruses from Windows with Ubuntu Live USB

tweaks

Enable Tab Freeze in Google Chrome

Windows 7 Disable notification for upgrade

FBI: Beware! Connect your IoT devices to a separate network!

Microsoft: Spear-phishing is growing rapidly - How is it treated?

Comparium: Try your site in different browsers and OS

Find out how much damage your SSD drive has to Windows 10

SecNews MX Linux 19 x64 custom ISO release for Windows

7 pronunciation dictionaries to improve your English

Display the version of Windows on the desktop

Fido: easily download Windows ISO

Copyright © 2010 - 2019 · SecNews | ToS | SiteMap | Contact

el Greek
ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanel Greekit Italianru Russian