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Visa, Mastercard, Ebay, Stripe Join Paypal in Leaving Libra


Most payment companies have now pulled out of Facebook’s Libra project. Visa, Mastercard, Ebay, and Stripe have followed Paypal in dropping out of the project amid regulatory concerns. The Libra Association has responded to the exodus of these companies. David Marcus, who is in charge of...

U.S. Warns Visa, Mastercard to ‘Proceed With Caution’ Regarding Libra


In the wake of Paypal’s very public exit from the Libra project, U.S. lawmakers are now pressuring Stripe, Visa and Mastercard to rethink their membership of the Libra Association as well. On October 8, three letters from two U.S. senators urged the tech and finance giants to “carefully...

Paypal Exits Libra – Mastercard and Visa May Follow


Facebook’s ambitious financial inclusion project, Libra, continues marching forward in spite of mountainous regulatory obstacles, but key members of the Libra Association are having doubts and dropping out. Paypal has now reportedly left the group due to regulatory concerns. Libra...

Visa, Mastercard to Reconsider Backing Facebook’s Libra Cryptocurrency


It has already been a few months since the tech giant, Facebook, officially announced its ‘Libra’ cryptocurrency project with international support from big organizations including Visa, Mastercard, and PayPal. Since the announcement, very little has been heard about the Libra project apart from...

Will Blockchain Stop Personal Data Leaks?


We regularly hear how companies and governments lose control over data due attacks and leaks. The practice of storing personal data on central servers is vicious and must stop in favor of blockchains and new KYC methods based on zero-knowledge protocols

MasterCard is Forming Its Own Crypto Team


As cryptocurrency is gaining steady momentum with each passing day across the world, even the payment giants are feeling the need to dive into the revolution. Mastercard, a globally leading company offering payment solutions, is now looking to establish its own digital currency team. It’s important...

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