Facebook Libra Crippled After PayPal, Mastercard, Visa Abandon Crypto Project

Facebook Libra Crippled After PayPal, Mastercard, Visa Abandon Crypto Project

Facebook’s attempt to create a cryptocurrency appears to be stillborn as major partners are pulling out of the project. PayPal backed out of the project recently, and now reports indicate most of the other major backers have walked away. Facebook has now lost the backing of Mastercard, Visa, eBay, and Stripe.