Topic: Paypal to leave Libra (Read 710 times)
Blockchain can be intimidating for large states. Because a more powerful system than central banks can be established. Speculators can always mix things up. Libra is not a simple project. When Facebook makes Libra work, many things can change in the world.
I think the whole situation about Libra is very exaggerated and most people have high expectations.
Yes, it's definitely a big step, but aren't there too many hopes and artificial hype around Libra?
Yes, it's definitely a big step, but aren't there too many hopes and artificial hype around Libra?
A financial times article reports Paypal is on the verge of leaving Libra project as a founding member.
Coindesk explains it https://www.coindesk.com/paypal-might-withdraw-from-libra-association
Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?
Coindesk explains it https://www.coindesk.com/paypal-might-withdraw-from-libra-association
Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?
Libra is popular because it is supported by the big company (Facebook). So the name is easily famous. Basically, Libra is the same as other ICO or IEO projects. Libra has just come up with a name, but all the media talk about it. This is not necessarily successful, because the Libra concept is currently not running. Still in a diary.
I have seen many government beginning to see how they can adopt and regulate bitcoin, but hearing of this Facebook Libra coin really provokes them a lot and I believe it is because of the challenge that Facebook has been having on lack of trust for its privacy which I think is the reason why they don’t want to give a chance to the Libra.
The target of Libra coins is to become a crypto-based world currency. Of course this is contrary to the concept of fiat currency. And will make the fiat currency lost function, so to get permission about the Libra project will be difficult to complete. And whether this target will be easily achieved. I think this is a difficult thing. Not something that is easy to replace conventional currency. What I understand about the Libra concept is as I explained, although the website is not clearly written on Libra's final target.
Back to the concept of Bitcoin. Bitcoin is only to facilitate transactions, and make a crypto-based currency without control of any party, including the developer. This target is clear, it has been running for 10 years, and we can feel it.
A financial times article reports Paypal is on the verge of leaving Libra project as a founding member.
Coindesk explains it https://www.coindesk.com/paypal-might-withdraw-from-libra-association
Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?
Maybe with the withdrawal of PayPal as a partner of this Libra coin will make a little shake up Facebook's plan to launch Libra coins as one of digital currencies, we know PayPal is the largest payment service company in the world, with the issuance of MasterCard, Visa, eBay, PayPal and Stripe, it will certainly make other partners think of redeveloping the Coin Libra project, which until now has not received regulators from the United States. Coindesk explains it https://www.coindesk.com/paypal-might-withdraw-from-libra-association
Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?
A financial times article reports Paypal is on the verge of leaving Libra project as a founding member.
Coindesk explains it https://www.coindesk.com/paypal-might-withdraw-from-libra-association
Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?
Coindesk explains it https://www.coindesk.com/paypal-might-withdraw-from-libra-association
Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?
Libra is popular because it is supported by the big company (Facebook). So the name is easily famous. Basically, Libra is the same as other ICO or IEO projects. Libra has just come up with a name, but all the media talk about it. This is not necessarily successful, because the Libra concept is currently not running. Still in a diary.
I have seen many government beginning to see how they can adopt and regulate bitcoin, but hearing of this Facebook Libra coin really provokes them a lot and I believe it is because of the challenge that Facebook has been having on lack of trust for its privacy which I think is the reason why they don’t want to give a chance to the Libra.
Almost all the payment processors (Paypal, Visa, Mastercard.etc) have left the Libra project. Now Facebook needs to bring some of the small-scale processors such as those based in Russia and China. But it needs to be seen how interested is Zuckerberg right now in the Libra project. Lately he has been giving hints about abandoning the project.
Basically, Libra is going to be a coin which is based on the stable price so that will be regulated in a planning way, so people will not accept that type of blockchain system where they have to face a lot of queries, I think in this way, Libra will not get established because the USA and other giant countries are not interested to allow this Shit Coin, So like Paypal, another partner will go away day by day,
Not sure what queries you are talking about here, if it is a stable coin then you cannot call it a shit coin as it will have a stable price and for saving your valuation a stable currency in needed, getting regulated is another issue altogether but if they release the coin then i might store my value in a stable coin rather than trusting any shitty stable coin. Facebook already gathered a lot of information by their system so this time should be prevented because it's not a simple issue that they are planning to dominate in the monetary platform also, It should be tackled very accurately. I Believe That Libra will not sustain for a long time.
If they get the regulatory clearance then they will sustain but getting the green signal from the authorities is the real hurdle.
Basically, Libra is going to be a coin which is based on the stable price so that will be regulated in a planning way, so people will not accept that type of blockchain system where they have to face a lot of queries, I think in this way, Libra will not get established because the USA and other giant countries are not interested to allow this Shit Coin, So like Paypal, another partner will go away day by day, Facebook already gathered a lot of information by their system so this time should be prevented because it's not a simple issue that they are planning to dominate in the monetary platform also, It should be tackled very accurately. I Believe That Libra will not sustain for a long time.
A financial times article reports Paypal is on the verge of leaving Libra project as a founding member.
Coindesk explains it https://www.coindesk.com/paypal-might-withdraw-from-libra-association
Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?
Coindesk explains it https://www.coindesk.com/paypal-might-withdraw-from-libra-association
Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?
Libra is popular because it is supported by the big company (Facebook). So the name is easily famous. Basically, Libra is the same as other ICO or IEO projects. Libra has just come up with a name, but all the media talk about it. This is not necessarily successful, because the Libra concept is currently not running. Still in a diary.
This is very bad news for the Libra project. Paypal is definitely the main and most important partner for Libra because they have to link with paypal so customers can pay easier.
If there is an official announcement about this, I think Mastercard will leave as well and Libra will officially end. There are no more big projects in 2020.
If there is an official announcement about this, I think Mastercard will leave as well and Libra will officially end. There are no more big projects in 2020.
I saw news from sources like cointelegraph and coindesk that PayPal left LIBRA, although I can't ascertain if it's 100% true. Well, it's very possible amidst the regulatory hindrances encountered by Libra so far. Just yesterday, I saw another update that VISA, MASTERCARD, EBAY and STRIPES left Facebook's Libra after PayPal opened the way. All these doesn't mean Libra is going to fail, although it should be a hard time for the project obviously, losing vital partners doesn't always play well.
they leave Libra before Libra was even created
wow such news..
its all a shit show to distract us from the real decentralized projects
Libra is not for the people it'll be made to dump on normal people to buy BTC and other real cryptocurrencies
Libra is not going to go anywhere. That is why they left that project.wow such news..
its all a shit show to distract us from the real decentralized projects
Libra is not for the people it'll be made to dump on normal people to buy BTC and other real cryptocurrencies
i think it is mainly because of all the legal problems that Libra and Facebook have been facing lately and the fact that many countries have already banned Libra even before it is even launched. it seems like Facebook is still going ahead with the launch so i wouldn't say it is not going anywhere but it surely is a failed project before its launch simply because it is centralized!
Libra was very strong because of these giant partners. But when Paypal, Visa, Mastercard are leaving the Libra alone, then launching Libra won't be a bed of roses! But if Libra can be launched successfully without big partners then these partners will come again to hit the floor with Libra! And I hope it is gonna happen!
Libra will not be released before the US parliament approves it. It seems like Facebook will continue to obey the rules, they don't seem to move and reject the rules. Therefore some companies may leave Libra because they know that if Libra obeys the regulations then Libra will not be released. If Libra is released later, then this company will also return as a Libra partner, I'm sure of that. 
Many big players are leaving Libra following Paypal,including Mastercard,visa,eBay,stripe.
Almost all the payment companies have left the Libra platform. First it was PayPal, and then these major credit card giants (Visa, Master.etc). From what I heard, now they have just one payment processor remaining, and that is the Netherlands based PayU (the company that was founded in 2002 by Jose Velez and Martin Schrimpff). They may be thinking that they have nothing to lose here. They are one of the junior partners in Libra. But if Libra becomes successful, then PayU can make it pretty big.
Libra is nowhere project, some investor like leaving, also regulation from government don't want Libra created, i am also don't support.
Libra is outside from cryptocurrency where decentralized and not controlled.
If Libra can still launched maybe it same like Ripple, but this is more powerful. Yeah... hope if Libra launched, they don't banned you delete your balance
Libra is outside from cryptocurrency where decentralized and not controlled.
If Libra can still launched maybe it same like Ripple, but this is more powerful. Yeah... hope if Libra launched, they don't banned you delete your balance
Libra was very strong because of these giant partners. But when Paypal, Visa, Mastercard are leaving the Libra alone, then launching Libra won't be a bed of roses! But if Libra can be launched successfully without big partners then these partners will come again to hit the floor with Libra! And I hope it is gonna happen!
I'm not sure if Paypal left the Libra project will be stopped,
because Libra has the support of more than 20 companies.
it could be that when paypal left there were other companies that would better want to support Libra,
I do not know what the future of Libra is, but I am sure when Libra is launching, then Libra can move CMC rankings of some big coins like BNB or LTC.
I think of this too. Even paypal or visa or mastercard leave as associate of Libra, it won't stop from bringing it in the market. 20+ companies at your back is a very huge wall to fall back even with the market situation right now. I guess there will be more payment firm that will run after Libra if Paypal withdraws from Libra. Besides, there is nothing paypal left for us to read, let us wait their statement about this one, cause not attending a meeting is not a sufficient thing to prove they are not willing to commit with Libra.because Libra has the support of more than 20 companies.
it could be that when paypal left there were other companies that would better want to support Libra,
I do not know what the future of Libra is, but I am sure when Libra is launching, then Libra can move CMC rankings of some big coins like BNB or LTC.
Libra project is expecting to face lot of difficulty in launching in the coming months lot of regulations and all companies are leaving the project
Seems so.Many big players are leaving Libra following Paypal,including Mastercard,visa,eBay,stripe.
I think many more will follow,the reason is simple,Libra is centralized and not anti-censor.
It has to balance all aspects,especially some requirements and pressure from Gov,and every entity involved has its private purpose,but without a clear shared goal.
I'm not sure if Paypal left the Libra project will be stopped,
because Libra has the support of more than 20 companies.
it could be that when paypal left there were other companies that would better want to support Libra,
I do not know what the future of Libra is, but I am sure when Libra is launching, then Libra can move CMC rankings of some big coins like BNB or LTC.
I think of this too. Even paypal or visa or mastercard leave as associate of Libra, it won't stop from bringing it in the market. 20+ companies at your back is a very huge wall to fall back even with the market situation right now. I guess there will be more payment firm that will run after Libra if Paypal withdraws from Libra. Besides, there is nothing paypal left for us to read, let us wait their statement about this one, cause not attending a meeting is not a sufficient thing to prove they are not willing to commit with Libra. because Libra has the support of more than 20 companies.
it could be that when paypal left there were other companies that would better want to support Libra,
I do not know what the future of Libra is, but I am sure when Libra is launching, then Libra can move CMC rankings of some big coins like BNB or LTC.
Libra project is expecting to face lot of difficulty in launching in the coming months lot of regulations and all companies are leaving the project
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