Express

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.

Last Update:

Tags: ,,,
Link: Facebook's Project Libra In Trouble As Firms Prepare To Back Out   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 10 hours ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 11 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 13 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 14 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 14 days ago

    • You need to login to comment.