Thursday, April 3, 2025
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Mastercard Left Libra Association Over Regulatory and Viability Concerns, Says CEO

Mastercard's CEO says the firm pulled out of the Facebook-led Libra project after developing concerns over its business model and compliance.Ajay Banga, who has been the CEO and president of Mastercard since 2009, told the Financial Times his attitude towards Libra deteriorated as project members proposed linking what was supposed

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Lawmakers Left with More Questions as Zuckerberg Takes the Congressional Stand

“I’m not sure that we learned too much more new, except now that they’re calling the association an independent association,” Rep. Sylvia Garcia laments.Could this be the end of the road for Facebook’s digital coin, Libra, or perhaps is it just the beginning? Similarly to congress members yesterday, we are

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After PayPal’s Departure, Visa, MasterCard, eBay, Stripe left the Libra Association

After PayPal, several Other members of the Libra Association including MasterCard, Visa, eBay, Stripe, and Mercado Pago, have also abandoned Facebook’s plans for creating the distributed, global cryptocurrency Libra.This serious blow from these payment processor giants came as the Libra crypto project attracted fierce criticism from global regulators and lawmakers,

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