Sun. Sep 20th, 2020

Mercado Pago, Visa, eBay, Stripe, and, Mastercard exit from the Libra project

1 min read

Following PayPal, five payment giants, Mastercard, Visa, eBay, Stripe and Mercado Pago, also announced their withdrawal from the Facebook Libra project. It is reported that Mercado Pago is the payment department of the Latin American e-commerce giant Mercado Libra.

Libra cryptocurrency

An eBay spokesperson said that “We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member. At this time, we are focused on rolling out eBay’s managed payments experience for our customers“.

A Visa spokesperson said that “Visa has decided not to join the Libra Association at this time. We will continue to evaluate and our ultimate decision will be determined by a number of factors, including the Association’s ability to fully satisfy all requisite regulatory expectations.”

A week after PayPal became the first company to announce its withdrawal from the Libra project, the five companies decided to exit. These companies are five of the 28 founding members of the Libra project. It is worth mentioning that recently Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii sent a letter to the three major payment processing companies MasterCard, Visa, and Stripe, asking them to reconsider the Facebook digital currency Libra.

Source: theblockcrypto