Paypal to leave Libra - page 5. | Bitcointalksearch.org

Jating

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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

I'm not surprised if Paypal did leave Libra at this point. They already established their names in the industry, and associating with Libra with so many accusations might put Paypal in jeopardy. They themselves went through a lot of ups and downs but they keep their name intact and trusted. If being associated with a shady project like this, it will put a damp on their reputation.

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

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 will go on production, they have all the means to push it even if there are so many backlash from countries around the world. But I don't think they will be successful in the long run though.

Kupid002

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Quote from: ganeshramk on October 04, 2019, 02:39:29 AM

There are lots of news floating off late against Libra. This is really a good sign. However, each and every big companies in the world is going to come up with something similar. How can this be prevented?

This is normal every bussinesses in the world want to try this new technology since it is more easier to transfer money than fiat.
But before making that they need to make a solution how they will make it more secured since this is prone in hacking and just a little mistake everything will be gone.

Samboo

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If this article has any ground to believe, Paypal leaving Facebook's ambitious project called Libra may strike a blow to the entire Libra team. Libra from its very beginning has been facing resistance from many quarters and regulators. Libra team must take this issue seriously to ensure Libra will be brought into operation on time.

ganeshramk

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There are lots of news floating off late against Libra. This is really a good sign. However, each and every big companies in the world is going to come up with something similar. How can this be prevented?

smyslov

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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.

tsaroz

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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?

Enterprise are not the ones that would determine the future of Libra but governments. And as Facebook is a profit oriented company, it would in no way bring an independent crypto. The so called Libra would be closely controlled by Facebook and the US government want's it's part in it. If Zuckerberg be able to strike a deal with the US government, Facebook would hit the market.

blckhawk

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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?

It could be, but we can't really say as of now. There are still more than 20 companies that backs it up. However, recent news suggest that there are still who doubt Facebook could pull it off and it may trigger a chain of pull-outs which will end Libra's future. Personally, I think facebook should focus more on securing their platform first to regain trust of investors and the users that will be their source of traction for Libra's success.

Rodeo02

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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?

I guest paypal affraid of what will happen to there services after libra fully launch. I mean this project can also reduce users of paypal and move to using libra instead since it looks like almost the same sevice offered and libra is much better solution.

coin-investor

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They have come along way I don't think even leaving half of their members can make them halt the launching, I think they already made millions of dollars alone on this project, and they very well know their history, and they have overcome it so I think they are stubborn enough to continue launching their coins and they will try to fix the problems along the way.

knuckey

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Regulation is the main problem that inhibits libra and I think this is the reason that makes paypal withdraw from libra. We all know that the regulation of crypto in the US is very complicated and unfriendly, even though there are many companies, investors and crypto users who come from there.

robelneo

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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?

Let's see in the coming days if there's going to be a domino effect, Libra coin has 100 members governing it, now they have one member leaving the campaign, they are now one less member, Paypal is a big company, but we'll soon find out if there are other big companies that will soon follow what Paypal has done, if no other members follow then Libra Coin is still strong and competitive.

BlackFor3st

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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?

They have plenty of obstacles before they can launch so this is not surprise why the founding member will leave Libra as the US is doing their best to stop Libra coin to be born.

If they can fix these obstacles then their is a little light with their Libra coin to have a brighter future. But I wonder also if many will support it especially in crypto world, I am sure many will not invest to it.

bussybuddy

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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?

I still believe that in 2020, Libra will be launched and stay tuned. This is a serious project and it will change all of this market

rz20

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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?

I don't think Libra would have garnered so much attention if the project was not from facebook 'coz its bit shi project IMO. I still do think though that Libra will see the light once the government is a bit lenient on them lol.

tranduong123

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Not surprisingly, if Paypal or any other company left the project, Libra was under pressure and criticism. But I do not think Libra will stop, Facebook's resources are so great, they will not easily give up.

masterrex

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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?

Well if that is true it was a big blow to the Libra Association since Paypal is a known payment platform with important rule and part of the ambitious project to date. IMHO even Paypal was back out in the Libra Stable coin project It cant affect much or it may cause a little setback, but eventually it wouldnt stop since there are many Libra Association members to mention most of it are prominent members like paypal ,so in that case lets wait and see if what happens next.

udidrone

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I think Libra will be same to another altcoins. Maybe people really hype or this thing is kind of advertisement so people will look libra more than other. My opinion about Libra maybe wait until it is on market, and then we can see how good it is. Because some new altcoins / tokens not survived for long in market after listed. Maybe that can be benchmark if project success or not.

shinratensei_

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Not only Paypal but VISA and Mastercard are also feeling doubt with libra.
Libra is not a shitcoin but the regulation is creating so many uncertainties to the libra. That's why some members are thinking to withdraw their position from to be a part of libra association.
I thought that the future of libra depends on the decision that will be taken by US regulator.
As far as i know libra will not launch its crypto without US regulatory approval.

Uncertainties in the libra and US regulator seems to be a very long journey.

If the uncertainty in libra still continue and that is not closing the possibility, more members will be leaving libra association in the future.

Vispilio

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The mainstream usage of e-payment solutions replacing cash and other anonymous transactions are already showing some of the most extreme practices of state surveillance and totalitarianism.

So the Libra project is philosophically defending a doomed position by requiring potential users to comply with ID authentication and similar personal data usage. It cannot hope to achieve any foothold in the free world, and has stronger and more native competitors already in place in more dictatorial places like China...

btc-facebook

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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.

Topic: Paypal to leave Libra - page 5. (Read 710 times)