Facebook Inc's ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project. The latest exodus leaves the Libra Association without any remaining major payments companies as members, meaning it can no longer count on a global player to help consumers turn their currency into Libra and facilitate transactions. Uber is buying a majority ownership stake of Corn ....
14 Oct 2019
Mastercard & Visa abandon Libra, Uber acquires grocery delivery business, Softbank reassess Vision Fund 2
Trakm8 Holdings PLC (TRAK:LON), 14.5 | Argo Blockchain Plc (ARB:LON), 12.8 | CAP-XX Limited (CPX:LON), 0.3 | Quartix Technologies PLC (QTX:LON), 175 | Seeing Machines Limited (SEE:LON), 5.1 | TechFinancials, Inc. (TECH:PLU), 0 | Tekcapital Plc (TEK:LON), 9.2 | Tracsis plc (TRCS:LON), 920 | Tracsis plc (TRCS:LON), 920
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Mastercard & Visa abandon Libra, Uber acquires grocery delivery business, Softbank reassess Vision Fund 2
Trakm8 Holdings PLC (TRAK:LON), 14.5 | Argo Blockchain Plc (ARB:LON), 12.8 | CAP-XX Limited (CPX:LON), 0.3 | Quartix Technologies PLC (QTX:LON), 175 | Seeing Machines Limited (SEE:LON), 5.1 | TechFinancials, Inc. (TECH:PLU), 0 | Tekcapital Plc (TEK:LON), 9.2 | Tracsis plc (TRCS:LON), 920 | Tracsis plc (TRCS:LON), 920
- Published:
14 Oct 2019 -
Author:
Kartik Swaminathan -
Pages:
4
Facebook Inc's ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project. The latest exodus leaves the Libra Association without any remaining major payments companies as members, meaning it can no longer count on a global player to help consumers turn their currency into Libra and facilitate transactions. Uber is buying a majority ownership stake of Corn ....