Tags archives: calibra

eBay, Mastercard, Mercado Pago, Stripe, and Visa will no longer participate in the Libra Association, the group working to launch Facebook’s ambitious global cryptocurrency. The exits were first reported by Bloomberg and the Financial Times. Facebook is in a tough spot now that no major US payment processor is willing to partner with the Libra Association. This news also comes after PayPal announced its decision to withdraw from the organization on October 4. Former PayPal President David Marcus who is the chief executive running th...
The French Minister of the Economy and Finance, Bruno Le Maire, warned that Libra, Facebook’s controversial cryptocurrency, won’t be permitted in France if it’s launched as planned next year. Speaking at an OECD conference in Paris, the minister said Facebook Libra would put national security and sovereignty of governments at risk. Le Maire - an outspoken opponent of the cryptocurrency – also said that Libra threatens to undermine the euro and destabilize the entire French economy. He told the crowd that if France’s economy took a hi...