Visa, Mastercard and eBay is out of Libra. Uber and Lyft remain in the project from Facebook

Payment Mercado Pago, Visa, PayPal, Mastercard and platform online trading site eBay has pulled out of the project of the digital currency, the Libra, the largest social network Facebook, reports the Financial Times.

«We respect the vision of the Association of Libra. However, eBay decided not to move forward as a founding member. We are currently focused on implementation of managed payment options for our users», — said representatives of eBay.

In turn, Stripe said that Libra has some potential, but the company still focuses on supporting projects, developing online Commerce on a global scale:

«We will closely monitor the progress of the project and will remain open for cooperation with the Association of Libra in the later stages», — said the representatives of the Stripe.

Visa also said that while it will postpone the entry into Libra Association:

«We will continue to evaluate and our final decision will depend on a number of factors, including the ability of the Association to fully comply with the mandatory requirements of the regulators»

However, the company stressed that the potential of solutions based on blockchain technology is superior to existing payment systems:

«The keen interest Visa to Libra due to our belief that a well-regulated network based on blockchain technology can enhance the value of digital payments for a huge number of people, especially from developing countries»

Calibra CEO David Marcus David Marcus wrote that he respects the decision of Visa and Mastercard to postpone the joining Libra to eliminate regulatory uncertainty.

According to him, the output of such significant participants does not mean that it is time to put a cross. However, Marcus acknowledged that it is not good news in the context of the short-term Outlook Libra.

Uber, Lyft and Anchorage will remain in the Association

Nevertheless, the Association of Libra will remain such well-known companies like Uber and Lyft, as well as custodian Anchorage.

«Anchorage intends to continue to follow the mission of the Association of Libra and proud to be a founding member working with the project since its first days», — has declared in conversation with the BBC supported the representatives of Visa company.

Sally Shin CNBC reported that Uber also remains in the project:

The project of the digital currency from Facebook came the operator of electronic payment system PayPal.

Also recall, 23 October, the head of Facebook mark Zuckerberg will testify before the U.S. Congress about Libra.


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