Paypal to leave Libra

[Tylev]

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I have long read that Visa has withdrawn from supporting the Libra project.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.

[1714893439]

1714893439

[1714893439]

1714893439

[1714893439]

1714893439

[1714893439]

1714893439

[1714893439]

1714893439

[Darooghe]

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

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.

[upyem2k]

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.

[bitgolden]

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.

[bitcoinposts]

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

[Yatsan]

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.

[allwelder]

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.

[MI6]

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.

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.

[Ferris419]

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!

[febriyana]

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 

[Sithara007]

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.

[skarais]

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.

[Herbert2020]

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.

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!

[key4co.in]

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.

[leavolnhals]

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.

[Moeda]

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?

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.

[Murat]

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.

[Clement Kaliyar]

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.

[Vishnu.Reang]

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.

[davinchi]

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?

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.

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.