Visa, Discover, Mastercard, and American Express have introduced a single payment button for checkout.
Head of Facebook’s Libra Project, David Marcus said that instead of using the synthetic currency, they are open to using stablecoins pegged to national currencies.
Bitcoin mining startup Layer1 will run its own power sub-station and utilize solar and wind energy generated on the plains of West Texas.
The fear for many authorities is that Facebook’s Libra could heavily disrupt the financial system and potentially enable illicit activities like money laundering or terrorist financing.
Libra’s interim managing director is quite sure the team will reach its goal of a hundred members by next year.
Though some giants left Libra, the Association claims that it has nearly 1500 potential candidates to join. And 180 of them meet its strict requirements.
Director, Digital Assets Strategy at VanEck, Gabor Gurbacs, believes that companies are being enforced to leave the crypto-project.
Mastercard, Visa, eBay, Stripe and Mercado Pago have all pulled out of the Facebook-led Libra Association following PayPal, which pulled its own support of the project earlier this week.
Facebook CEO Mark Zuckerberg is set to testify before the Financial Services Committee of the United States Congress later this month.
Ripple CEO Brad Garlinghouse said that Libra would not get off the ground for at least three years. He thinks regulatory scrutiny over Facebook’s crypto project is due to the social media giant’s privacy debacle last year.