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Mastercard, Visa, Stripe and eBay have all followed PayPal by pulling out of Libra, Facebook’s digital currency, following sustained political pressure and just days before the project’s backers are due... more
First it was a group of influential banks, then it was the EU regulator, now, Visa, Mastercard and other key financial partners are reconsidering their involvement in Libra Coin, Facebook’s... more
The post Visa and Mastercard reconsider involvement in Libra Coin appeared first on Payments Cards & Mobile.
Representatives of Facebook were grilled by central bank regulators on its planned Libra coin project amid concerns from EU governments regarding the threat the digital currency poses to financial stability.... more
The post European central banks take big steps against Libra coin appeared first on Payments Cards & Mobile.
Libra Coin, Facebook’s cryptocurrency project is reported to be being investigated by European Union antitrust regulators. The European Commission said it is “currently investigating potential anti-competitive behaviour,” related to the... more
The post Libra project on rocky ground as aggressive EU regulators start probe appeared first on Payments Cards & Mobile.
Its neither a cryptocurrency nor does it run on blockchain, aside from these minor points, US and European banks are also steering clear of Libra, Facebook’s project for a new... more
The post Global banks heap pressure on Libra as negative feedback continues appeared first on Payments Cards & Mobile.