Category: General|Oct 3, 2019 | Author: Admin

VISA and Mastercard are considering withdrawing from Facebook's new cryptocurrency

Share on

Several people are probably considering the same thing.

Several people are probably considering the same thing.

This summer, Facebook revealed that they are working on a new cryptocurrency called Libra.

Several leading companies in the technology and finance world are joining the venture, including Spotify and Uber, as well as Visa and Mastercard.

Also Read: Very concerned about what Facebook Libra can be used for

Several are considering withdrawing
However, the two latter companies are now considering withdrawing from the project. The Wall Street Journal writes today that two directors from unnamed partner companies have refused to support Libra publicly, something Facebook is demanding.

According to anonymous sources, these companies are Visa and Mastercard. Several other companies are also reassessing their support, the sources claim.

There is thus excitement associated with Thursday's Libra Association meeting where all members will be represented.

The reason why the companies want out of the project is not known, but the new cryptocurrency has already faced strong resistance from several teams. For example, the US Treasury Department has expressed serious concern about what the currency can be used for.

Also read: If you manage to hack Facebook's new cryptocurrency, you can make good money

- Commitment to the assignment is more important than anything else
After The Wall Street Journal published the article, Facebook's David Marcus has commented on Twitter.

"For Libra to succeed, we depend on committed members. And even though I have no knowledge of specific organizations that do not plan to not attend, commitment to the assignment is more important than anything else, ”Marcus writes.

Sponsored Ads:

Comments:


The iPhone 15 doesn't get this either

Category: Apple|Jan 29, 2023 | Author: Admin

After 26 years you can download

Category: General|Jan 28, 2023 | Author: Admin

Mac mini M2 256GB up to 50 percent slower

Category: Apple|Jan 27, 2023 | Author: Admin

Now HomePod can sense

Category: Apple|Jan 26, 2023 | Author: Admin

NASA and DARPA will test nuclear thermal engines for crewed missions to Mars

Category: General|Jan 25, 2023 | Author: Admin

Get ready to retire 30-year-old Windows technology

Category: Microsoft|Jan 24, 2023 | Author: Admin

“iPhone 15 looks like Android”

Category: Apple|Jan 23, 2023 | Author: Admin

Samsung has heard everyone's prayers

Category: General|Jan 22, 2023 | Author: Admin

This took them five years

Category: Microsoft|Jan 21, 2023 | Author: Admin

Apple activated the secret switch

Category: Apple|Jan 20, 2023 | Author: Admin

Microsoft fires 10,000

Category: Microsoft|Jan 19, 2023 | Author: Admin

The Sony Walkman is back for NOK 8,000 and two inputs

Category: General|Jan 18, 2023 | Author: Admin

Has revealed the big thing about "Windows 12"

Category: Microsoft|Jan 17, 2023 | Author: Admin

This is a 6GHz beast and the price is surprising

Category: IT|Jan 16, 2023 | Author: Admin

Get ready for more rounded corners in Windows 11 in somewhat unexpected places

Category: Microsoft|Jan 15, 2023 | Author: Admin
more