Express

Matstercard CEO Divulges Why The Company Left Libra

Ramsey Baker

Summary: Ajay Banga, Mastercard’s Chief Executive Officer, explained the reasons why Mastercard jumped ship on Libra in a Feb. 3 interview with the Financial Times. Mastercard was one of the founding members of the Libra association, along with Visa, PayPal and Stripe. All four of these company left Libra in Oct. 2019 without any explanation. However, ...

Ajay Banga, Mastercard’s Chief Executive Officer, explained the reasons why Mastercard jumped ship on Libra in a Feb. 3 interview with the Financial Times.

Mastercard was one of the founding members of the Libra association, along with Visa, PayPal and Stripe. All four of these company left Libra in Oct. 2019 without any explanation. However, according to Banga, Mastercard and possibly others left due to fear of stepping on regulators toes, concerns with Libra’s business model and inconsistencies with how Libra presented themselves.

By Ramsey Baker

Last Update:

Tags: ,,,,,
Link: Matstercard CEO Divulges Why The Company Left Libra   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 15 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 19 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 22 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 26 days ago

    • You need to login to comment.