Mastercard

Payment companies Mercado Pago, Visa, Stripe, Mastercard and the eBay online trading platform have left the digital currency project Libra, the largest social network Facebook, according to the Financial Times. “We respect the vision of the Libra Association. However, eBay decided not to move forward as a founding member. Currently, we are focused on introducing the managed payment option for our users, ”said representatives […]

The head of the largest social network Facebook Mark Zuckerberg will testify before the Committee on financial services of the US House of Representatives. This was reported on the website of the department. Hearings on “studying the impact of Facebook on financial services and housing” will be held on October 23. Zuckerberg will be the only witness to them. In July, the head of the financial services committee, Maxim Waters, demanded to suspend […]

PayPal, an electronic payment system operator, has officially confirmed its refusal to participate in the Libra digital currency project, which is being developed by the social network Facebook. A statement to withdraw from the Libra Association was distributed by PayPal on Friday, October 4. The company did not name the reasons for the refusal to participate in the project, noting only that it intends to continue to focus “on promoting the current mission […]

Representatives of the payment company PayPal did not attend a meeting with members of the Libra Association in Washington, where they discussed a strategy for cooperation with regulators amid fierce criticism of the project. PayPal on the verge of quitting Facebook's Libra project https://t.co/JJps99kJmt – Financial Times (@FT) October 3, 2019 According to the Financial Times, only PayPal was not present at the meeting, although it was previously reported, […]

Ripple senior vice president Marcus Tricher said Facebook’s digital drawback is that it is a closed system. In a CNBC interview, Tricher used the term “fenced garden,” which was previously used to control technology companies such as Facebook and Apple over their software. As you know, the Libra Association consortium will manage the project. Now they enter it, […]