There are a lot of eyes on the upcoming Libra digital currency. For Facebook, a lot of the initial support had already dissipated.
In fact, the list of partners bailing on Libra has grown relatively long in recent months.
Despite noting strong support from early backers happily paying $10 million for running a node, the situation has taken a turn for the worse.
As a result, the Libra Association now has plenty of vacant seats waiting to be filled.
The latest company to depart is Vodafone.
According to the company, this has nothing to do with all the regulatory scrutiny Facebook’s pet project is facing.
Instead, the UK telco wants to refocus its attention on M-Pesa, its existing digital payments solution.
It is the eighth company to drop support for this project since Q3 of 2019.
Other noteworthy departures include eBay, Stripe, Visa, Mastercard, PayPal, and Mercado Pago.
It is evident that none of the existing financial players wants to get involved in a project that seemingly can’t meet regulatory requirements.
However, there is a chance that the situation will turn around.
If positive regulatory news follows in the next few months new partners may decide to jump on the bandwagon.
Until that happens, however, it seems unlikely that Facebook’s Libra will get off the ground.
Velocity Ticket is trying to fix a major gap in businesses, and the approach it…
Axelar is moving fast to contain damage after identifying a security incident that has resulted…
suiUSDe now has a dedicated landing page. The token, officially the eSui Dollar, comes out…
Ventuals has fully wound down its HIP-3 DEX, and vHYPE withdrawals are now open. The…
Avalanche has launched the Avalanche Payments Collective, bringing together 28 organizations spanning nearly every layer…
A wallet tracked as 0x5f91 just opened a fresh 5x leveraged long on ASTER, putting…