Libra coin hit hard: five big institutions, including Nevissa, announced their withdrawal in two weeks

category:Finance
 Libra coin hit hard: five big institutions, including Nevissa, announced their withdrawal in two weeks


According to the Wall Street Journal, members of the Libra coin project will sign a statute agreement on the Libra coin project in Switzerland on October 14.

Among the original 28 members of the Libra Money Association, Internet companies such as Facebook, eBay and Uber will provide the application scenario of Libra Money, while payment agencies such as Visa, MasterCard, PayPal and Stripe can provide services in the process of converting local currency into Libra Money.

Although eBay has withdrawn, Facebook itself is one of the largest Internet companies in the world, with 2 billion users. The withdrawal of VISA and MasterCard, two international bank card organizations, is bound to cast a shadow on the Libra Currency Project. The two card organizations could have supported consumers in converting Libra coins through global payment networks.

According to the Wall Street Journal, the U.S. Treasury Department had written to Visa, MasterCard, PayPal and Stripe asking them to explain their participation in the Libra Currency Project. Just before this week, two U.S. senators sent letters to CEOs of three of the four companies expressing their concerns about the Libra currency.

In July, the U.S. House of Representatives wrote to Facebook that Libra and Calibra might establish a new global financial system headquartered in Switzerland to counter U.S. monetary policy and the dollar. In addition, it will also bring serious privacy, transaction, national security and monetary policy concerns to more than 2 billion Facebook users, investors, consumers and other relevant parties. In mid-July, both houses of Congress held hearings on the review of Libra coins. The hearings were attended by David Marcus, head of the Facebook Block Chain Project. On October 23, the U.S. House of representatives will hold another hearing to review the Libra, at which time Facebook CEO Mark Zuckerberg will be present in person. Source of this article: Peng Mei News Responsible Editor: Zheng Haoyuan_NB12722

In July, the U.S. House of Representatives wrote to Facebook that Libra and Calibra might establish a new global financial system headquartered in Switzerland to counter U.S. monetary policy and the dollar. In addition, it will bring serious privacy, transaction, national security and monetary policy concerns to more than 2 billion Facebook users, investors, consumers and other relevant parties.

In mid July, both houses of Congress held hearings on the review of Libra coins. The hearings were attended by David Marcus, the head of Facebooks blockchain project.