Global Payments

---

Facebook had said it hoped to start of Libra in the year 2020

Mastercard, Visa, eBay, and payments firm stripe the embattled crypto-money project, scales pulled from Facebook.

to move, following the resignation of PayPal, announced last week.

It is planning a big blow against the Social Network , in what he imagines as a global currency.

The Project , severe control of regulators and policy, particularly in the United States.

Facebook chief executive Mark Zuckerberg , appears before The House Committee on Financial Services on 23. To discuss October, the balance and the planned roll-out.

the regulators have several concerns about the scale, including The Risk of it washing can be used, for the money raised.

Mercado Pago, a fixed payments are used mostly for Latin America , also pulled out. It means that the six-payments-related companies included for the first time in the balance, only one, PayU, remains. Netherlands-based PayU not responded to the BBC request for comment on Friday.

In a statement released on Friday, eBay said that it "respected" the Libra project.

“But, eBay has made the decision, not forward, as a founding member. In This Time we will focus on the Roll-out of the eBay managed payments experience for our customers. "

A spokesman for Stripe, the company said supports the objective to facilitate Global Payments .

"Libra has this potential. We track your progress carefully and be open to The Association to stay for the work with the balance at a later date. "

A spokesman for Visa said: "We will continue to evaluate, and our final decision will be determined by A Number of factors, including The Association of the ability to fully satisfy all of the required regulatory expectations. "

The Libra Association, the manage of Facebook to The Project , said the outgoing company: "We appreciate your support for the goals and tasks of the balance project.

"Although the make-up of the members of The Association can grow and change over time, the design principle of the Libra-governance and technology, together with the open nature of The Project ensures the balance payment network remains elastic.

"We look forward to the first scale Association Council session in just 3 days, and the announcement of the first members of the balance club. "

Facebook executive in charge of is your balance of effort, wrote on Twitter that the loss of the company was "liberating".

"I would caution against reading the fate of the balance in this update," wrote David Marcus , who was prior to joining Facebook, the PayPal President.

"of course, it's no big news that in the short term, but it is liberating. Stay Tuned for more, very soon. Change of this magnitude is difficult. You know you're on to something, when so much pressure builds up. "

last week, but does not exclude work on The Project in the Future , prompting a strong reaction from the club.

"the commitment to this mission is more important to us than Anything Else ," it said in a statement. "We are better off, about this lack of commitment. "

_____

follow Dave Lee

you have for more information about this or any other technology in history? Enjoy up to Dave directly and securely via encrypted messaging app Signal: +1 (628) 400-7370

facebook, cryptocurrency, ebay, paypal

Source of news: bbc.com