Breaking: Visa, Mastercard, eBay, Stripe All Leave Libra
Wow. Within the span of an hour or two, reports have revealed that Facebook’s crypto project, Libra, suffered some heavy blows.
It first started on Friday morning, with the Financial Times revealing that both eBay, the e-commerce/online marketplace giant, and Stripe, a fintech giant, have dropped out of the Libra Association.
Speaking to the outlet, an eBay spokesperson asserted that while the company “respects the vision of Libra”, the American firm will not be moving ahead with its participation in the Association, citing a focus on ” rolling out eBay’s managed payments experience for our customers.”
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Stripe made a similar comment, telling the FT that it is “supportive of projects that aim to make online commerce more accessible for people”, but will not be moving forward with the Facebook-backed crypto project at this time.
Within the hour or two after the FT’s revelatory report, both Mastercard and Visa — seen by many in the crypto community to be the Association’s two most important partners — also revealed that they will be rescending their membership. In their own comment, Visa cited Libra’s inability to “fully satisfy all requisite regulatory expectations.”
Top Crypto Analyst Lays This Case for 100% Cardano (ADA) Price Surge
Wednesday January 22, 2020
Near the top of the Bitcoin bull market in 2018, Cardano (ADA) was dominating. Everything. Aside from a few select altcoins in Ethereum, XRP, and BCH, ADA was at the top of the market,...
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FIVE household names have pulled out of $LIBRA (Visa, Paypal, Stripe, Ebay, and Mastercard). I doubt they'll be the last.
Regulators are stonewalling it.
Zuck is testifying before Congress Oct. 23rd.
Now you can long/short its chance of even launching. https://t.co/LkIc1Kiswy
— The Crypto Dog (@TheCryptoDog) October 11, 2019
Bitcoin SV (BSV) Forms Bullish Pattern That Has 60-64% Success Rate
Wednesday January 22, 2020
A textbook candlestick pattern is showing a very rosy future for Bitcoin SV (BSV). The fifth-largest cryptocurrency by market cap lately formed a Golden Cross – a bullish signal wherein an asset’s short-term moving...
The post Bitcoin SV (BSV) Forms Bullish Pattern That Has 60-64% Success Rate appeared first on 12bitplay - Bitcoin Play.
For now, the deluge of Libra leavers has stopped. It remains to be seen if this is the end of the Libra Association’s internal turmoil, as reports indicate that the ratification of the consortium’s charter is rapidly approaching.
This is a developing story. NewsBTC will update it once we get more information.
Featured Image from Shutterstock
The post Breaking: Visa, Mastercard, eBay, Stripe All Leave Libra appeared first on NewsBTC.
Ripple’s XRP Falls 11% after Rising 45%; More Declines Coming?
Monday January 20, 2020
XRP has plunged by circa 11 percent after registering superficial gains in the past 30 days. The Ripple’s native cryptocurrency established an intraday low of $0.224 on Monday as traders preferred to exit their...
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