Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

Must Read

Moupiya Dutta
Moupiya Dutta
She finds it interesting to learn and analyze society. she keeps herself updated, emphasizing technology, social media, and science. She loves to pen down her thoughts, interested in music, art, and exploration around the globe.

According to reports, Mastercard, Visa, eBay, and Stripe have backed out of Facebook’s Libra payments network putting Facebook’s formidable efforts in peril. The news comes just days after when PayPal backed out of the project and followed months of scrutiny from regulators worldwide.

Facebook’s arranged to take over the world of cryptocurrency and online payments have not had the foremost auspicious start. Enter Libra, a cryptocurrency project that was declared back in June. Facebook said the digital coin, due to debut in 2020, will integrate with Facebook services and will provide the asset required for e-commerce transactions on its platform and beyond.

Also Read

Facebook proclaimed that several major backers were supporting the project and would form the Geneva-based Libra Association, a consortium to oversee the cryptocurrency and its underlying blockchain’s development. Other initial members of the consortium included Uber, Lyft, Spotify, Vodafone, Mercado Pago, PayU and others.

Visa Inc., Mastercard Inc., Stripe Inc., and eBay Inc. said Friday they were withdrawing from the coalition of companies that had originally signed on to help launch the libra cryptocurrency. The loss of four of the largest payments companies in the world leaves Facebook without much of the muscle it assembled for libra. The project now mostly hinges on smaller payments companies, telecommunications providers, venture-capital firms, e-commerce merchants and nonprofits.

Save up to 60% on OptinMonster

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -