Paypal to leave Libra - page 3. | Bitcointalksearch.org

htsy585

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Quote from: X-ray on October 05, 2019, 08:35:36 AM

Quote from: desticy on October 05, 2019, 08:31:38 AM

Quote from: btc-facebook on October 03, 2019, 09:51:54 PM

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.

Why so? Paypal is not the only strong partner entering the Libra association, there is also, for example, Visa and others.
If more than one major partner left the project overnight, then one could throw such unfounded statements, but for now I see no reason to stop such a large-scale project.
In addition, the reasons for leaving Paypal from the project are not fully known, maybe someone just put pressure on the leadership.

The article clearly says that visa and mastercard are reconsidering their involvement to Libra that means they may leave Libra at anytime and that has a big chance because the current condition of Libra in which in this case is having so many regulation backlash and negative perception.
If a big partner like Paypal is willingly to leave Libra i'm pretty sure that the rest of investors will reconsider their decision and see through what will gonna happen in the future. if you don't believe me you read it on wsj.

The deed is done already as PayPal has left the fold. Reactions of Mastercard and Visa is what we await at the moment because it looks like Libra and Facebook is loosing the Regulation battle with Europe. I hope we get Libra. A fully regulated one because the crypto world need all the positive news it can get now

DaMut

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Quote from: X-ray on October 05, 2019, 08:35:36 AM

The article clearly says that visa and mastercard are reconsidering their involvement to Libra that means they may leave Libra at anytime and that has a big chance because the current condition of Libra in which in this case is having so many regulation backlash and negative perception.
If a big partner like Paypal is willingly to leave Libra i'm pretty sure that the rest of investors will reconsider their decision and see through what will gonna happen in the future. if you don't believe me you read it on wsj.

It has been confirmed now Libra lost one of their backer Paypal, it is about time for Visa, Mastercard, and others to take their leave because of regulatory backlash.
it seems like Libra will be done for good.

https://www.investors.com/news/facebook-stock-paypal-quits-facebook-libra-cryptocurrency-group/
https://www.nytimes.com/2019/10/04/technology/paypal-facebook-cryptocurrency-libra.html

X-ray

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Quote from: desticy on October 05, 2019, 08:31:38 AM

Quote from: btc-facebook on October 03, 2019, 09:51:54 PM

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.

Why so? Paypal is not the only strong partner entering the Libra association, there is also, for example, Visa and others.
If more than one major partner left the project overnight, then one could throw such unfounded statements, but for now I see no reason to stop such a large-scale project.
In addition, the reasons for leaving Paypal from the project are not fully known, maybe someone just put pressure on the leadership.

The article clearly says that visa and mastercard are reconsidering their involvement to Libra that means they may leave Libra at anytime and that has a big chance because the current condition of Libra in which in this case is having so many regulation backlash and negative perception.
If a big partner like Paypal is willingly to leave Libra i'm pretty sure that the rest of investors will reconsider their decision and see through what will gonna happen in the future. if you don't believe me you read it on wsj.

desticy

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Quote from: btc-facebook on October 03, 2019, 09:51:54 PM

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.

Why so? Paypal is not the only strong partner entering the Libra association, there is also, for example, Visa and others.
If more than one major partner left the project overnight, then one could throw such unfounded statements, but for now I see no reason to stop such a large-scale project.
In addition, the reasons for leaving Paypal from the project are not fully known, maybe someone just put pressure on the leadership.

Metall303

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Quote from: #Darren on October 05, 2019, 08:19:07 AM

I believe it should have happened sooner or later, because in my eyes Libra is a direct competitor of Paypal. Libra wants to achieve cross border payments without time and place restrictions based on blockchain technology. The same things does paypal but in a centralised way.

if Libra succeeds in resolving all issues with the authorities then it will become a competitor, but now this is just an idea that everyone is talking about. we don’t know whether Libra can be implemented

#Darren

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I believe it should have happened sooner or later, because in my eyes Libra is a direct competitor of Paypal. Libra wants to achieve cross border payments without time and place restrictions based on blockchain technology. The same things does paypal but in a centralised way.

bitcon

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Quote from: capcaypro on October 03, 2019, 09:25:05 PM

Libra is still widely questioned because there are several Libra sales on different sites people say it's just a fraud so investors have to be careful, then how about this news I can't really understand how Libra will be bright in the future or not.

Libra has received a lot of feedback from regulatory authorities, mostly negative, but now the project has internal problems. Four large companies that were the founders of the Association are thinking now seriously of their complete departure. Visa, Mastercard, Paypal, and Stripe are currently vacillating about their position as a member of the Libra Association.

So, now, some people doubt if FB coin appears Sad

torrantz

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Quote from: kravas86 on October 04, 2019, 08:08:32 AM

I think that the main problem of institutional investors leaving is the inefficiency of BAKKT. Many hoped that there would be drastic changes but they did not happen. Therefore, many people cease to believe in the prospects of investments in the cryptocurrency sector.

BAKKT has nothing to do with libra because it has no relationship. Libra a lot of chance to be cancelled by US law due to the regulation.

BAKKT is just like a gateway for new money from investors but the problem of libra is not only with SEC but with the whole of bankers and Lawmakers in US.

I believe libra is dead and never be launched.

Vitamin_52

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you say that he is on the brink of exit, yo still not released and project. means this HYIP. or in the project found negative bands that reject investors, then libra is not long

Lhaine

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Quote from: enhu on October 04, 2019, 05:01:49 PM

Quote from: smyslov on October 04, 2019, 02:34:04 AM

Quote from: Tipstar on October 03, 2019, 08:27:01 PM

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?

Honestly, I don't like Paypal to be part of Facebook Libracoin I'm glad they left the group, we all know Paypal hates Cryptocurrency, they are in a hurry to limit their users who are involved in Cryptocurrency, they don't deserve to be in the Cryptocurrency sphere if they still implement that rules and Paypal is a direct competitor of Cryptocurrency.

They haven't yet leave the association. There were merely just assumptions, the article says itself paypal might withdraw. I still wish the project will continue though. Can't believe they hire big organization to settle all the issues for the project to be developed, it would be a waste to leave after all the efforts.

its mean that the article is not really sure if paypal might leave libra maybe this use that news to get more exposure of libra even its from negative sides,

enhu

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Quote from: smyslov on October 04, 2019, 02:34:04 AM

Quote from: Tipstar on October 03, 2019, 08:27:01 PM

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?

Honestly, I don't like Paypal to be part of Facebook Libracoin I'm glad they left the group, we all know Paypal hates Cryptocurrency, they are in a hurry to limit their users who are involved in Cryptocurrency, they don't deserve to be in the Cryptocurrency sphere if they still implement that rules and Paypal is a direct competitor of Cryptocurrency.

They haven't yet leave the association. There were merely just assumptions, the article says itself paypal might withdraw. I still wish the project will continue though. Can't believe they hire big organization to settle all the issues for the project to be developed, it would be a waste to leave after all the efforts.

negancoin

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That is what I was expecting from companies like Paypal after the regulatory backlash Libra has received recently, they don't have what it takes to make regulatory changes, they like to be in safe the zone, but the future is for those who take risk and challenge the current system to make the change. I think they joint the project in first place because they were afraid that facebook could take market, so they decided to be part of it, but after the regulatory backlash they are changing their strategy.

Roidz

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Until now there have been no explanation from PayPal why withdrawing support from the Libra project, according to info from an article, if the Libra party said that if there were Three big investors who had withdrawn their support from the Libra project, and it seems that their reasoned were still related to the Libra Coin regulator, so investors are worried that the high spotlight on regulators in Libra coin will affect their other businesses.
It seems like Libra is a project that has problems now so that this might cause a delay in the launch of Libra Coin in 2020, I personally am not to sure if the Libra coin will be able to develop fully.

Upgate

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I read in an article I don't know how genuine it is that PayPal where planing on creating their own stable coin just like what Libra coin would be. So hearing this my be as a result of that. More company's will get to try out their own coin

livingfree

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There might be a reason why PayPal did not attend their meeting. This is still a speculation that PayPal might leave but unless proven and stated, then that should be reported and told to the public.

But if PayPal really has the attention to withdraw, this will give impact to the project and could also pull other investors as stated to the article like Visa and Mastercard. Not yet launched but there's a rumor that many will back out from this project. Let's wait for more announcement.

Lhaine

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Quote from: Arsenyo on October 04, 2019, 10:00:21 AM

Quote from: TaliskerDarkStorm on October 03, 2019, 09:03:51 PM

Naah, Labra is literally shitcoin. It's not a surprise that Libra's investors abandon this project. I don't think Libra will succeed. We do not need Zuckerberg as a blockchain community. He needs to observe users privacy and sell them to the governments lol. He needs to stay away from blockchain and this ecosystem. I've never believed him and never will. He is just a scammer and as a blockchain community, we hate scammers

Bitcoin can achieve this alone, it did well from the beginning to the now. Adaption is increasing, more investors are coming day by day. Amazon, IBM, Wallmart, Nasdaq and many more technology giants already joined the ecosystem to use blockchain technology in their supply chains etc. So, what I'm trying to saying is just stay away from Libra and Zuckerberg.

Totally agree with you. I hate both Facebook and Libra, I never believed in this project. More and more people repeat that launch of Libra will help crypto world. Will it? I am not sure. And I wasn't surprised about paypal to leave libra as its launch from the very beginning was doubtful.

even you hate or not we cannot take the fact that libra will help crypto currency addoption .

ashmodeus

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hello Libra , how are you ? Grin

did u fine after that news ? , i guess not.
well, hope it can be happened, because as far i've read , paypal still considering of leaving from Libra project.
however, even if paypal leaving, i guess Libra still strong with another partner such as mastercard,visa,uber,etc.
but, somehow, i just think , Libra project not dedicated pure for blockchain ecosystem. i mean its just like "mask".
just imagine by yourself, big companies in the world associate with each other to create a new project,and it will be mass adopted by the world directly.
monopoly the world or conqueror the world ?
or maybe i just too paranoid about zuckerberg Grin

Arsenyo

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Quote from: TaliskerDarkStorm on October 03, 2019, 09:03:51 PM

Naah, Labra is literally shitcoin. It's not a surprise that Libra's investors abandon this project. I don't think Libra will succeed. We do not need Zuckerberg as a blockchain community. He needs to observe users privacy and sell them to the governments lol. He needs to stay away from blockchain and this ecosystem. I've never believed him and never will. He is just a scammer and as a blockchain community, we hate scammers

Bitcoin can achieve this alone, it did well from the beginning to the now. Adaption is increasing, more investors are coming day by day. Amazon, IBM, Wallmart, Nasdaq and many more technology giants already joined the ecosystem to use blockchain technology in their supply chains etc. So, what I'm trying to saying is just stay away from Libra and Zuckerberg.

Totally agree with you. I hate both Facebook and Libra, I never believed in this project. More and more people repeat that launch of Libra will help crypto world. Will it? I am not sure. And I wasn't surprised about paypal to leave libra as its launch from the very beginning was doubtful.

yazher

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A sadden news for today, this is something we must face and we need to understand their decisions. there must some kind of explanation but let's leave them for later. the official speaker of the Paypal company will explain it to us. as for the Libra, I don't know if this will affect their current fame. right now, the investors must be careful about investing in this project since this kind of scenario is not normal scenery for every day. stick to the rules, invest only what you can afford to lose.

asus09

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Before know more about bitcoin as payment and investment currency first I know is PayPal, I use PayPal for purchase payment joining revshare project but after faced many trouble with PayPal I move my self and using bitcoin, you will got the same proble if you use PayPal because you will be really careful with your IP address using PayPal.

Topic: Paypal to leave Libra - page 3. (Read 710 times)