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Major Companies Exit Facebook's Libra Project

Oct 15, 2019
Visa, Mastercard, Stripe and eBay have joined the growing group of major financial companies to withdraw from the coalition charged with launching Facebook's Libra cryptocurrency, according to news reports.

The companies follow PayPal's departure from the Libra Association last week after policymakers have expressed concern about the project.

Facebook Chairman and CEO Mark Zuckerberg is scheduled to testify before the House Financial Services Committee next week.