Facebook’s Alliance for the controversial digital currency, the Libra is crumbling with the exit of large financial services such as Mastercard and Visa. Also, the Internet trading platform Ebay and the Payment services provider Stripe, the Online network on Friday of the rod.
US media reported that the massive regulatory resistance concerns in the circle of Libra-a Partner triggered. For Monday, an important meeting for the further cooperation in the Libra Association, with headquarters in Switzerland, it is planned to manage the digital currency. The four companies could have used in order on Friday, the last Chance for the Disposals prior to a formal membership.
a week Ago, already Paypal had cancelled his participation in the strong the criticism concerning the project.
Facebook had presented the idea in the summer, a good two dozen well-known companies as “founding partners” of Libra.
The withdrawal of Mastercard and Visa meets the project particularly hard. The world-famous industry giants, awarded Libra more credibility and could offer also your infrastructure is an important interface to the classic financial world. All the dropouts were at the same time, open the door for future support of the Libra project.
Facebook wants to make a Libra according to the previous announcements in the coming year, available to consumers, the idea is that politicians and Central banks in part to fierce resistance. Libra is supposed to be protected according to previous plans, one-to-one with a basket of stable currencies and government bonds. While Facebook rejects concerns that the digital currency in the territory of Central banks could intervene. The group stresses that in the case of Libra, no new money will be spent – this remains reserved to States.
the overseer to be feared, however, that the Fund will pay in the face of huge users of Facebook to distortions on the money markets could lead. Skeptics also question whether the project is sufficiently prepared to counter money laundering and terrorist financing. Facebook promised already to start Libra until all of the concerns of regulators are removed.
According to Facebook’s ideas could come from Libra first, especially in the case of cross-border credit Transfers to the bet, and then later to Pay for purchases both online and in stores.
The Facebook for the project, competent Top managers, David Marcus, said that one should draw from the disposal of the partners, no conclusions about the fate of the digital currency. “Of course, this is not great news in the short term, but in a way, it is also liberating,” wrote Marcus on Twitter. “Change on this scale is hard.” If so much pressure build up, it was clear that they were on to something. Marcus, a former chief of the payment service Paypal, specifically thanked Visa and Mastercard to ensure that you remained in spite of the pressure on Board.
In about ten days, Facebook CEO Mark Zuckerberg, who is considered the Initiator of the Libra project should be, at a hearing in a Committee of the US house of representatives to the influence of the Online network on the financial service and real estate sectors surveyed. Marcus had to stand in July in the US Senate to answer to Libra.
Reuters topics in this article, digital currency, Facebook MasterCard Incorporated Libra Partner of PayPal, eBay, visa, New York David Marcus, the American media of Switzerland New in Digital Popular computer game down Blackout with “Fortnite”: What is behind the mysterious “black hole” could put display star travel worlds London football trip to Premier League with a flight from 479 euros Cheaper entry-level Apple brings in the next year, a 399-Dollar-iPhone out of friendship proposals With these creepy methods to find out Facebook, whether people know Of Malte Mansholt Always better always deadly hall-killer had weapons from the 3D printer – they are a growing danger of media report, Amazon employees also camera-shots – even from the bedroom of opinion After the attack in the hall We should not talk about killer games, but about something else entirely By Christoph Fröhlich Stiftung Warentest These six simple Tricks, your Wi-Fi to make better, Less CO2 emissions, The future of travel? Nasa developed electric aircraft broadcast Live on Twitch, Five people watched live the attack in the hall – this is the Video Of Christoph spread Cheerful shock for customers Large Sex Portal hacked: 250,000 E-Mail addresses are on the Internet 40 new Levels Mahjong games – Now free of charge! Play Hong Kong Protest-App deleted Apple bows to the pressure from China, DPA, Edge Computing, Microsoft CEO says of the next computer revolution – and it is us: all meetings Of Malte Mansholt speculation to Limburg and in the hall A policeman explains to dealing with rumors in the network – and how to “Twitter Cop” is From the Rune Weichert speaker spy voice in the house: So Alexa, Google and co. to listen secretly By Malte Mansholt game console Sony confirmed the Playstation 5 and reveals when she comes Of Malte Mansholt world day of seeing WHO warns Smartphone and co. to make our eyes worse, DPA, Mac OS, Catalina Apple cards to be Mac-System – and frustrated many users Of Malte Mansholt quarter forecast Bad Numbers in the core business: Samsung crack, the profits of a DPA speaker Red, yellow speech and blue: the colored rings mean the Amazon Echo Of the painted Mans justice posse murder suspect gets got GPS ankle bracelet removed – because he is not paid a subscription fee