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Booking leaves Libra: Facebook project suffers another casualty

2019-10-14T22:07:22.549Z

Booking also abandons the Libra project, the global cryptocurrency powered by Facebook. The first council of the association gathered a representative on Monday in Geneva (Switzerland)



  • Disbanda.Mastercard and Visa leave Facebook before the launch of Libra
  • Libra: Facebook's challenge to the financial system is delayed

Booking also abandons the Libra project, the global cryptocurrency powered by Facebook. The first council of the association assembled this Monday in Geneva (Switzerland) to a diminished representation, revealing another casualty within this challenge to the financial system.

First, the departure of eBay was known , which was added to that of the Argentine fintech Mercado Pago and the worrying disruption of companies dedicated to financial transactions (Visa, Mastercard and Stripe) . As they have confirmed from Libra to EL MUNDO, another abandonment must be counted, that of the online tourism giant Booking.

The cryptocurrency concludes its first meeting with 21 partners . Although its aspiration is to reach a hundred at the gala, already in 2020, so far only the number of members has been reduced.

The Libra board will have five members, belonging to Kiva Microfunds, Andreessen Horowitz, Xapo Holdings Limited, PayU (the only company focused on payments remaining in the association) and Calibra, controlled by Facebook.

Resistance to Libra arises from financial institutions, of course, but also from different governments, which believe that this cryptocurrency, based on blockchain technology but subject to a basket of settled currencies, could compete with central banks.

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Disbanded cryptocurrency: Mastercard and Visa leave Facebook before the launch of Libra

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