Visa and PayPal Among Top Companies Considering an Early Withdrawal from Libra

[mlawson71]

Earlier this year, Facebook announced the launch of its very own cryptocurrency, and unveiled a surprisingly long list of endorsers who had joined the non-profit Libra Association – the company in charge of operations – among which were PayPal, Visa, Mastercard, Spotify, eBay and other global businesses.

Now part of those same advocates, namely Visa and PayPal,, are reconsidering their early, seemingly irrational, decision to back the new crypto coin. The list of reluctant names grows ever higher, as uncertainties pile up. Apparently concerns started arising over “maintaining positive relationships with regulators who have reservations about the project,” and that Facebook and the Libra Association had mislead them into thinking that regulators were fully on board with the project.

[Zed0X]

This is probably what happens when companies who are not that knowledgeable about cryptocurrencies jumps into it for fear of missing out. They should have known better having arms in different countries that it's not easy to deal with regulators.

For me, this appears to be a good move for them. It doesn't look like Libra will be launching anytime soon.

[Cutter Cute]

I was very surprised when the libra coins did not yet exist but had many partners such as Paypal, eBay, Visa and many other partners from this project.

A few days ago I saw an article stating, Partners of Libra coins are expected to provide confirmation of their commitment to becoming partners of this project.

I think this project will face many challenges in the future because of the many rejections from the government.

[WhiskeyHoney]

Saw an article today, Zuckerberg comments on Libra: https://www.businesstimes.com.sg/banking-finance/zuckerberg-calls-libra-coin-a-key-for-american-leadership
Idk if this coin has a future but if it does, it will be bright