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Facebook's Project Libra In Trouble As Firms Prepare To Back Out

Janelle Fox

Summary: Facebook has received much negative reception about their proposed cryptocurrency, Project Libra. The backlash has prompted several payments service firms to reconsider backing out of the plan, according to The information. Among the firms rethinking Project Libra is Visa, Mastercard, Paypal and Stripe. Regulators around the world have raised concerns about the project and it ...

Facebook has received much negative reception about their proposed cryptocurrency, Project Libra. The backlash has prompted several payments service firms to reconsider backing out of the plan, according to The information.

Among the firms rethinking Project Libra is Visa, Mastercard, Paypal and Stripe. Regulators around the world have raised concerns about the project and it appears both France and Germany are prepared to ban the virtual currency.

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