{"id":401218,"date":"2019-10-11T20:45:39","date_gmt":"2019-10-11T20:45:39","guid":{"rendered":"https:\/\/wncen.com\/?p=401218"},"modified":"2019-10-11T20:45:39","modified_gmt":"2019-10-11T20:45:39","slug":"breaking-visa-mastercard-ebay-stripe-all-leave-libra","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/breaking-visa-mastercard-ebay-stripe-all-leave-libra\/","title":{"rendered":"Breaking: Visa, Mastercard, eBay, Stripe All Leave Libra"},"content":{"rendered":"<p>Wow. Within the span of an hour or two, reports have revealed that Facebook&#8217;s crypto project, Libra, suffered some heavy blows.<\/p>\n<p>It first started on Friday morning, with the <a href=\"https:\/\/www.ft.com\/content\/a3e952dc-ec5c-11e9-85f4-d00e5018f061\" rel=\"nofollow\">Financial Times<\/a> revealing that both eBay, the e-commerce\/online marketplace giant, and Stripe, a fintech giant, have dropped out of the Libra Association.<\/p>\n<p>Speaking to the outlet, an eBay spokesperson asserted that while the company \u201crespects the vision of Libra\u201d, the American firm will not be moving ahead with its participation in the Association, citing a focus on \u201d rolling out eBay\u2019s managed payments experience for our customers.\u201d<\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/wncen.com\/2019\/10\/09\/bitcoin-price-reclaiming-important-moving-average-could-lead-to-retest-of-highs\/\">Bitcoin Price: Reclaiming Important Moving Average Could Lead to Retest of Highs<\/a><\/h6>\n<p>Stripe made a similar comment,\u00a0telling the FT\u00a0that it is \u201csupportive of projects that aim to make online commerce more accessible for people\u201d, but will not be moving forward with the Facebook-backed crypto project at this time.<\/p>\n<p>Within the hour or two after the FT&#8217;s revelatory report, both Mastercard and Visa \u2014 seen by many in the crypto community to be the Association&#8217;s two most important partners \u2014 also revealed that they will be rescending their membership. In their own comment, Visa cited Libra&#8217;s inability to &#8220;fully satisfy all requisite regulatory expectations.&#8221;<\/p>\n<p>https:\/\/twitter.com\/TheCryptoDog\/status\/90184960<\/p>\n<p>For now, the deluge of Libra leavers has stopped. It remains to be seen if this is the end of the Libra Association&#8217;s internal turmoil, as reports indicate that the ratification of the consortium&#8217;s charter is rapidly approaching.<\/p>\n<p><em>This is a developing story. NewsBTC will update it once we get more information.\u00a0<\/em><\/p>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Wow. Within the span of an hour or two, reports have revealed that Facebook&#8217;s crypto project, Libra, suffered some heavy blows. It first started on Friday morning, with the Financial Times revealing that both eBay, the e-commerce\/online marketplace giant, and Stripe, a fintech giant, have dropped out of the Libra Association. Speaking to the outlet, an eBay spokesperson asserted that while the company \u201crespects the vision of Libra\u201d, the American firm will not be moving ahead with its participation in the Association, citing a focus on \u201d rolling out eBay\u2019s managed payments experience for our customers.\u201d Related Reading: Bitcoin Price: Reclaiming Important Moving Average Could Lead to Retest of Highs Stripe made a similar comment,\u00a0telling the FT\u00a0that it is \u201csupportive of projects that aim to make online commerce more accessible for people\u201d, but will not be moving forward with the Facebook-backed crypto project at this time. Within the hour or two after the FT&#8217;s revelatory report, both Mastercard and Visa \u2014 seen by many in the crypto community to be the Association&#8217;s two most important partners \u2014 also revealed that they will be rescending their membership. In their own comment, Visa cited Libra&#8217;s inability to &#8220;fully satisfy all requisite regulatory expectations.&#8221; https:\/\/twitter.com\/TheCryptoDog\/status\/90184960 For now, the deluge of Libra leavers has stopped. It remains to be seen if this is the end of the Libra Association&#8217;s internal turmoil, as reports indicate that the ratification of the consortium&#8217;s charter is rapidly approaching. This is a developing story. NewsBTC will update it once we get more information.\u00a0 Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":401219,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,1985,2752,2913,3378],"class_list":["post-401218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-facebook","tag-libra","tag-mastercard","tag-paypal"],"acf":[],"yoast_head":"\n<title>Breaking: Visa, Mastercard, eBay, Stripe All Leave Libra<\/title>\n<meta name=\"description\" content=\"Wow. Within the span of an hour or two, reports have revealed that Facebook&#039;s crypto project, Libra, suffered some heavy blows. 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