Visa, Mastercard and eBay pullout of Facebook's Libra cryptocurrency project
Image Credit: shortpedia
Visa, Mastercard and eBay have pulled out of Facebook's Libra cryptocurrency project before their 1st meeting in Geneva on October 14. The project head David Marcus tweeted, "Special thanks to @Visa and @Mastercard for sticking it out until the 11th hour. The pressure has been intense (understatement), and I respect their decision to wait until there's regulatory clarity for @Libra_ to proceed."