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Facebook’s Cryptocurrency Initiative Is In Trouble

Facebook’s Cryptocurrency Initiative Is In Trouble – My TechDecisions

According to Ars Technica, six participants in the Libra Association, a group created by Facebook to develop virtual currency, withdrew earlier this month. Those participants, Strip, Visa, MasterCard, Mercado Pago, PayPal, and eBay, dropped out before the Libra Association held its first official meeting where participants made their “binding commitments.”