October 11, 2019 By Dave Lee
Mastercard, Visa, eBay and payments firm Stripe have pulled out of Facebook’s embattled cryptocurrency project, Libra.
Their move, first reported in the Financial Times
, follows the withdrawal of PayPal, announced last week.
It represents a huge blow to the social network’s plans to launch what it envisions as a global currency.
The project has drawn heavy scrutiny from regulators and politicians, particularly in the US.