Facebook's cryptocurrency project suffers massive blow as MasterCard, Visa, eBay, and others withdraw from Libra (FB)
MasterCard, Visa, eBay, Mercado Pago, and Stripe are exiting Facebook's planned cryptocurrency project, Libra.
PayPal also dropped out of talks to work with Facebook on Libra last week.
Facebook's deteriorating relationships with Libra partners, combined with intense scrutiny from lawmakers, leaves the future of the initiative uncertain.
Facebook's exec leading Libra, David Marcus, thanked Visa and MasterCard "for sticking it out until the 11th hour," and cautioned against "reading the fate of L
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