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Libra Association

Libra Association

Non-profit association overseeing the development of the Libra digital currency ecosystem. Based in Geneva, Switzerland

In the wake of Paypal's very public exit from the Libra project, U.S. lawmakers are now pressuring Stripe, Visa and Mastercard to rethink their membership
Oof -- a week after PayPal announced plans to part ways with Facebook's Libra cryptocurrency project and the related association of the same name, three more names are reportedly breaking away: eBay, Stripe, and Mastercard. In a comment to TechCrunch, a Stripe spokesperson leaves the door open...
Sens. Brian Schatz and Sherrod Brown are pressuring members of the Libra Association, Facebook's international blockchain payments project, to reconsider their involvement with the group.
Two Senate Democrats have reportedly written a letter to the 3 companies to warn them of Libra's risks.
Facebook says its cryptocurrency will be managed by an independent group, but an analysis finds more than half of the members have links back to the social media giant.
NEW YORK -- PayPal has pulled out of Facebook's digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-ex
U.S. payments processor PayPal Holdings announced Friday it was withdrawing from the Libra Association, a Facebook-led effort to build a global digital currency.
The Libra Association, due to launch and manage the Facebook-led Libra cryptocurrency, is talking to European Union regulators after opposition from Germany and France, its managing director said at one of his first public appearances on the job.
The Libra Association, which will launch and manage the Facebook-conceived Libra cryptocurrency, is in discussions with European Union authorities following opposition voiced by Germany and France, its managing director told Reuters on Friday, at one of his first public appearances on the job.
"I want to be absolutely clear: in these conditions, we cannot authorise the development of Libra on European soil."
"I want to be absolutely clear: in these conditions, we cannot authorise the development of Libra on European soil."
"I want to be absolutely clear: in these conditions, we cannot authorise the development of Libra on European soil."
How Facebook's Libra could be stopped in its tracks

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