Cracks are forming in the coalition Facebook assembled to build a global cryptocurrency-based payments network.
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Author: AAndriotis
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"With libra, the social-media giant promised to change payments world-wide. Instead, major partners bolted after lawmakers and regulators challenged its plans, an early sign of how Washington is putting Facebook on a tight leash" . (October 16, 2019 )"Facebook has signed up more than a dozen companies including Visa, Mastercard, PayPal and Uber to back the new cryptocurrency that the social-media giant plans to unveil next week" . (June 13, 2019 )"Mastercard, Visa, eBay and payments company Stripe are dropping out of the coalition of companies Facebook enlisted to launch a cryptocurrency-based payments network" . (October 11, 2019 )
Posted on October 2, 2019 December 1, 2022 banking , computers , consumer electronics , corporate , domestic politics , electronic payment systems , entertainment , facebook , financial technology , international relations , mark zuckerberg , mastercard , media , online service providers , politics & policy , social media platforms , software , stripe , tools , virtual currencies