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  • Visa, Mastercard, Paypal, Stripe amongst others are reportedly getting cold feet about the Libra project.
  • There are growing worries about regulatory scrutiny, as reported by the Wall Street Journal, citing sources.    

 

Early members of Facebook’s Libra Association, Visa, Mastercard, in addition others members are having second thoughts about their involvement with Facebook’s cryptocurrency. The latest is coming from a report by the Wall Street Journal, citing growing regulatory concerns.  

Reports suggest the likes of Visa, Mastercard, Paypal and Stripe are said to be reconsidering their support of Facebook’s Libra project. Sources cite that there are concerns regarding the maintaining of solid relationships with regulators.

The report also noted that some partner companies have refused request from Facebook to publicly support the project, due to fears of attracting some regulatory scrutiny.