Facebook’s David Marcus Cites ‘Intense Pressure’ As eBay, Visa, Mastercard, Stripe, PayPal …

Facebook’s David Marcus Cites ‘Intense Pressure’ As eBay, Visa, Mastercard, Stripe, PayPal Abandon Crypto Project

PayPal announced last week that it was leaving Facebook’s cryptocurrency project Libra. Online marketplace eBay and payments giants Stripe, Visa and Mastercard have all followed suit, announcing their departures from Facebook’s Libra Association. Facebook’s head of blockchain development, David Marcus, notes that the tech giant’s corporate members had their backs pinned against the wall, weighing …