Payments giants abandon Facebook's Libra cryptocurrency


Facebook had said it hoped to launch Libra in 2020 Getty Images

Mastercard, Visa, eBay and payments firm Stripe have pulled out of Facebook’s embattled cryptocurrency project, Libra.


Their move, first reported in the Financial Times, follows the withdrawal of PayPal, announced last week.
It represents a huge blow to the social network’s plans to launch what it envisions as a global currency.


https://www.bbc.com/news/technology-50023008