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A new blow to Facebook on the subject of its electronic currency Libra

13 October 2019

A new blow to Facebook on the subject of its electronic currency Libra.

It seems that Facebook's problems with its anticipated electronic currency Libra began long ago, even before the currency was officially adopted, mainly due to strong rejection by the economic, financial and political authorities of the United States of America.

The US Congress announced last week that Facebook CEO will be heard by a congressional committee on October 23 on the subject of the new e-currency Libra, and before that PayPal announced its withdrawal from the coalition on this currency, but it seems that this is just the beginning .

CNBC reported that three of the Facebook-led consortia of Libra have joined PayPal and announced their abandonment of the project - eBAY, MasterCard, Visa, and Strip - citing other projects without closing the door on the site. Facebook.

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