Bitcoin Forum

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?

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.

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.

I think the purpose of Libra is the same as the others. As they said in Whitepaper Chapter 2 'Libra is a simple global currency and financial infrastructure that empowers billions of people.'
Because of the similarity of goals that might make Libra less glance because there is already better than it and more innovative as well. In addition, the number of fake sites that claim Libra sales and there are also airdrop sites that in reality they are not part of Libra. The logo is not the same.

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.

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...

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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?

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. 

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.

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.

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.

It didn't really make sense for paypal to participate in the first place - the product that they offer will be in direct competition of what Libra is offering to the masses, so what's the point of allowing a direct competitor to flourish instead of potentially launching their own product along the same lines?

But again, this shows the incredible fragility of a centralised project.

All vested parties need to stay committed in order for a project to truly be successful. It also needs to co-operation of legislators to ensure that no negative regulations are imposed against it, which is an issue I think Libra also has to deal with on top of figuring out who's still in on the deal.

I had guessed this before. PayPal is strong support for the development of libra, and PayPal is a service that is recognized throughout the world. unfortunately, libra does not get support throughout the world. some of the news that I got even said that some countries like Germany challenged it because this really can have a strong effect on the financial development of a country, even Fiat.

Libra got so many obstacles before it was launched. PayPal is a huge support, and influential. if this is true, it would be a substantial loss for libra. I even got an article that MasterCard, Visa, and others also reconsidered their involvement in Libra. Here's the link (https://www.wsj.com/articles/visa-mastercard-others-reconsider-involvement-in-facebook-s-libra-network-11569967023)

Maybe this is the beginning of the decline from Libra project, Paypal is the largest company supporting the Libra project, if then they turn around then it is a major blow to the Libra project. It's a pity if this happens, die before birth.

yes that's right, this is not a good thing because large companies like paypal that previously worked together but now paypal is no longer a part.
Libra is more and more talked about even though they haven't appeared fully. I think this is bad news for Libra. but a company as big as libra I believe have a way back to find trust from other places

It will not decline since its  not yet started. Paypal is not largest but one of the top partners of libra . Even without paypal partnership they can still continue since they have enough big company partners.

yeap, agree here. if this is true and not the regular rumours or fake, that is the end of the Libra. I think, that Libra project received a lot of criticism from officials and that is the reason other players will go apart or seize their support for Libra..  maybe the world is not ready to ban fiat or it is decided that such power should not be controlled by facebook

If the majority of their founders or members of the group will leave LibraCoin, then there's a big possibility that yes they are not going to push through with the launching, they are starting the launching with a bad reputation, and they might think of stopping or delaying the launching and just build their reputation first.

Still there is no assurance for the libra project to be launched since many sides opposing their cryptos but US allowed them with strict restrictions so they may launch their cryptos in certain regions with different regulations for usage based on the local jurdsdiction laws so libra is not going to be a big threat for bitcoin nor to the current fiat money system.

Libra faces regulation issues, as one of the biggest payment points in the world. Engaging their company with this kind of project will result in distrust, not only Paypal.
Mastercard, Visa, and Stripe are considering this too. Obviously, this is not just a speculation based on rumor on the Internet,
they have a reason to do that considering how bad Libra is dealing with the regulation.
here another news about Mastercard, Visa, and Stripe https://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-libra-cryptocurrency-visa-mastercard-a9129141.html

This is a good episode to follow we will now see if many more partners are leaving the partners, there's been so many issues and problems going on against Libra but I never doubt that it will push through, so many efforts and money have been pour into project that many experts are considered one of the biggest, but still up to them if they can take up the challenge.

That's to be expected, Imagine you are investing into a project but got stuck because of so many things including the regulation backlash also so many people seems to be pessimistic towards facebook in the recent case of privacy violation.
If the path is already this muddy it's better to withdraw, the action of paypal is definitely understandable also mastercard and visa which rumoured to be withdrawing aswell.
For the people that might think it will affect cryptocurrency greatly, it will not. Simply because Libra is basically a stablecoin.

F'k Paypal. That company is at the center of a cesspool of scammers. Libra doesn't need them. If Paypal leaves that NWO group they can kiss their own asses goodbye. I don't love Libra but I respect that they are opposing the governments with a big fat middle finger. Gotta respect that.

I think it's because the US government has shown a hostile attitude towards libra, with trump's tweet about USD being better and all that. Paypal and other centralized organizations are afraid and don't want to stand against more powerful authorities.

The decentralized world needs to fight for a long time, and it wouldn't be an easy fight.

I think that if this project is successful then other companies will also start this idea so most governments don't support and the law wants the project to be canceled. In my opinion, Paypal leaving this project is because they feel insecure and can create a huge hole in the current economy. Now we cannot be sure whether this project will work or not, but recent news has always been against Libra so it will be very difficult to succeed.

I personally do not want Libra to enter this market because this project will probably affect a lot of investors and the crypto market does not need a new stablecoin because we now have USDT.

There will be more problems to come in LIBRA project until they launch it.
This exit of paypal will not affect big on the project as there will be more to come.
We should wait more for this, LIBRA is on a big hype now!

It might happen because libra is under fire still, maybe the government want to do something with libra to avoid something or a disaster because
libra is not a small time, it is compose of large company that is going to take advantages of it when it launch, everyone see it coming and there is going to be a big impact in the business all over the world this is not a simple thing , specially when they have all the data and information of people almost all over the world

Because of the past issues of Facebook like mishandling information and privacy problem, I think they will now harvesting their negligence.
If Paypal leave the Libra then Zuckerberg is in a big trouble. Not only Paypal is skeptical to continue to renew their service, other gigantic payments like Mastercard and Visa is also hesitate to continue signing up for another project. If this happen, Facebook will be again the talk of the town. We’ll see how Zuckerberg will solve the incoming problem and dillema.

This isn't a good news for Libra at all, not as if I really believed the project before now; but with PayPal leaving then it shows something is wrong which we might not be seeing. The issue is, PayPal is one of the big shot in the financial payment systems thus is anticipated to play a big role in Libra , but with this latest development, others might leave while others might join, it's now a two way thing. This project has been questioned for a long time now I doubt if it will actually launch.

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.

The government has too many power and want to control everything forever, the article state that "they fear a possible scrutiny extension to their current business". Let them protect their current business before the politician make some stupid policy.

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.

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.

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.

hello Libra , how are you ?  ;D
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  ;D

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

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.

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

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.

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.

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,

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

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.

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  :(

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

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.

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

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

I never even knew that PayPal was a partner in crime to Libra coin, well, it is very good they were able to easily discover that they should not have been a part of Libra coin because this Libra project is such a meaningless one to me as I don't see any role that they want to pay.

How is it possible for them to want to come up with global currency when every country is desiring to own their own National currency, and I guess one of the reasons why PayPal quickly pulled out was because of the recent proposal of the United State planning to have their own National Currency, and believe me that the United states citizens would rather prefer to give their details to their government than to register any sensitive details with Facebook through their project.

Visa and MC are going to leave to. Libra have a lot of problems

Paypal had to because facebook is no longer trusted by anyone even the regulators. I think PayPal took a very good decision by leaving the libra project because in the future it may harm the reputation of PayPal too. Libra is not going to add anything in crypto except for facebook as they will use it for their own platform. This project only helps Facebook financially & in gaining users.

Though it's not official yet as far as I heard. This is just rumors or this can be used as trying to shake the market again with fake news. WSJ posted this but not sure how much we can trust them. We have to wait for the official to know the truth.

I read this news. I think the Libra project is now on the verge of collapse. And such big players leave it for a reason. I think that there is some pressure from the States, banks and other disinterested persons. But if Libra comes to light, I think it will be a coup in relation to the cryptocurrency. And further strengthen its position.

Each and everyday we heard about  new blockchain project  coming into  the fintech side but  SEC is allowing each and  every one to do their project. but why only facebook Libra coin is under pressure. There  is  something going on behind . They  dont trust Mark Zuckerburg  because  of how  he leaks people information. how you they  trust  the same guy with  peoples money. gradually all the supporter will step  out of the project.     

In the beginning Libra had very strong partners, among them were such as: eBay, PayPal, Visa, MasterCard, Booking, Uber, Coinbase, Spotify. However, after Libra began to have problems with American regulators, many of these partners refused to participate in the project. It is a pity that this happens, because Libra could really replace digital money.

Then why did PayPal join Libra in the first place if it's their direct competitor? And why did all the other payment companies join Libra, if it is supposed to disrupt them?

I think they all wanted to work with Libra for better interoperability, Libra could have been a big middleman for multiple payment networks, but now that it was blocked by regulators, its backers don't want to be associated with it, it becomes a serious risk.

Also, Libra isn't decentralized alternative to companies like PayPal, it has KYC and central authorities, so it's really not that different.

Paypal was a strong partner for Facebook Libra because Paypal has long-term experience with internet payments, but still they have partnered with MasterCard and Visa, if thse  companies also leave the game, Libra probably will not be strong enoug to create successful coin.

I really want this Libra to hit the market. It might not affect the market that much, but might be the door that usher more people into the crypto community. On the other hand, it might stand against what crypto true representation, which are privacy and decentralization. This privacy issue with Facebook. Now that three core members are on the verge of pulling out of the project, I don't see anyway by which the project could pull again the initial momentum if given the greenlight to proceed.

It's like the saying if you can't beat them join them. In the world of business as of now there's no such thing as direct competitor if you can invest to them and get the profit aswell. The only reason paypal leaving is because the regulation backlash and that is really understandable and I do agree as you said Libra is not decentralized by any means it is obvious that Libra is centralized. The whole thing works just like USDT or TrueUSD it's a crypto with blockchain but owned by a company and the company have the authority to do literally everything to the coin because they are the reason why that coin have a value.

If Libra project will gonna push thru, I believe PayPal will renew its collab with the project.
Libra is just under high scrutiny because of the big names and its huge scope of business surrounding it.
If the government will be loose today on this project, it would be hard for them to implement some regulations later on.
So I think, they are just taking too much precautions on this big project. Because later on, they know a lot of big industry players will follow what Libra is trying to embark on.

Really good article, coindesk is my top news site for cryptocurrencies. I can't really blame PayPal, they seem upbeat with the push for innovation, but the regulatory scrutiny surrounding it could turn into a nightmare, so I guess their considering playing it safe, from a business perspective.

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.

Maybe paypal see a big problem on the libra cryptocurrency or on its future. Libra is the light of cryptocurrency to me, they are helping cryptocurrency to be known by people around the world. I just don't think that libra would have a big role in the community right now because there are so much cryptocurrency right now and bitcoin can provide all the needed in the society right now I guess. If libra had it's own use, I mean if it had the uniqueness above others for sure there will be a light on this cryptocurrency.

PayPal have announce they will left Libra coin, they are not working anymore with Libra cryptocurrency because still not have planning when listing and open for public. I heard some information PayPal want to build their own cryptocurrency and left Libra for focus on their crypto how to make investor will be interested.

I have long read that Visa has withdrawn from supporting the Libra project. Now PayPal intends to do it. This indicates that potential Libra coin partners are gradually disappointed in the prospects of this project. I am more inclined to believe that this sensational stable coin will never be issued. First of all, regulators will not allow this.

Agreed. Facebook with a consortium of 28 organizations have decided to become the controller of a Crypto currency, which negates the entire point of it, but one of them is out now. Libra is a deviation from the decentralised cryptos like bitcoin, it's trying to cash in using dirty tactics and deceiving idiots. It’s a solution to a problem that doesn’t exist, and totally misses the point of Cryptocurrency. This news shows Bitcoin is unstoppable, and sooner or later it becomes a price stability coin at market what the Libra wants to offer people. Personally, i really want Libra to fail and even I want to see PayPal fail.

I doubt if that will be the case. A lot of investors and partners pull out of bitcoin and ethereum at start and it didn't kill the project, I am sure libra is a coin to stay most especially with reference to person of Mark Zuckerberg.

This the mistake most powerful projects use to make thinking that it is only the support of these organizations that they need to be successful, meanwhile, it is really the common man who would be their user that would make the project successful.

Who is PayPal too without you and me? PayPal would be nothing today if we all decide not to use PayPal, and I think that one of the threat to PayPal is that they have already seen that Facebook will eventually be their rival, so they would not use their hand to destroy their own project by supporting Facebook project and I think that is already late as their project has been destroyed already, if Facebook can release this coin, surely, may people would leave PayPal for Facebook, that is what I do not have any doubt about at all.

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

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.

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 think with facebook itself actually will have something to support Libra, if they are really serious, they can develop it by themself alone. Maybe partner is to get faster to reach adoption because new coins usually struggle at adoption from people.

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 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  :D

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 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.

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!

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.

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.

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.

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.

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.

If they get the regulatory clearance then they will sustain but getting the green signal from the authorities is the real hurdle.

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.

If the government had allowed it, Libra would have actually been a project that would really do very great in future, it has lots of hype and I think that the team is a very sound team members since they are actually the team member of Facebook also, but it is quite then unfortunate that the government is even having issue with Facebook Libra coin more that even their king of cryptocurrency (Bitcoin).

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.

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.

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.

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?

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.