Libra Backers Less Optimistic
The signing of the Libra Association Charter is fast approaching the October 14th deadline but there is trouble in Libra as many of its global payment partners are casting doubt and pulling support from the Libra project. To date, Libra’s top four global payment partners PayPal, Visa, MasterCard, and Stripe, are having doubts about its success, with top executives of these firms declining Facebook’s request of support. This does not bode well for the global payment system that Libra has been developing. Though there is a non-binding contract for the formation of the Libra Association, payment partners were supposed to…





