Oct 11, 2019

Mastercard, eBay and Stripe pull out of Facebook's Libra

Mastercard, eBay and payments firm Stripe have pulled out of Facebook's embattled cryptocurrency project, Libra. In a statement released on Friday, eBay said it "Respected" the Libra project. "The Libra Association, set up by Facebook to manage the project, said:"We appreciate Stripe and eBay's support for the goals and mission of the Libra project. "We look forward to the inaugural Libra Association Council meeting in just 3 days and announcing the initial members of the Libra Association." Last week, PayPal said it would no longer be part of the Libra Association, but did not rule out working on the project in future - prompting a strong reaction from the Association.

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