Facebook's currency Libra confronts defections

by Pete Schroeder, Shanti S Nair and Katie Paul
October 12 (Reuters) – The ambitious Facebook project
to create a new digital currency called Libra a
suffered a heavy blow Friday with the defenses of the gloves of
Mastercard and Visa payment.
Both groups announced their intention to leave
the association carrying the project, embroidering the pace of EBay
and South American payment group Mercado Pago.
PayPal Holdings, has left the group there is
a week, while regulators around the world have
shares their concerns about this cryptocurrency.
The Libra association is now devoid of
leading payment specialists among its members, this
which means she can not count on an actor
global to help consumers convert their currencies
in Libra and to facilitate transactions.
The other members of the association, including Lyft
and Vodafone, are essentially
private equity companies, groups of
telecommunications and technologies, specialists in the field of
blockchain or nonprofit associations.
"Visa has decided not to join the association Libra this
stadium, "says the company in a statement.
continue our evaluation and our final decision will be
determined by a number of factors, including the ability to
the association to fully meet the expectations of the
rgulateurs ".
The project leader, the former manager of PayPal David
Marcus, put the door of this announcement in perspective while
recognizing that "this is not a good new short
term".
(Gwnalle Barzic for the French service)