Libra partner drop out

[cichaescut]

Nothing will stop, there are tons of companies willing to get into this alliance and be a part of Libra. Wait for several more months and you will see that empty places will be booked by same size companies or even bigger.

[1714936571]

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[jcarlo]

Nothing will stop, there are tons of companies willing to get into this alliance and be a part of Libra. Wait for several more months and you will see that empty places will be booked by same size companies or even bigger.

Currently Libra is still facing obstacles in regulation and I think companies that want to partner will prefer to wait because it will affect their company's reputation. Facebook as a large corporate entity will definitely look for legal loopholes to get them through this issue and I think LIbra might be stuck for a while due to regulatory issues.

[Finestream]

Visa, mastercard, ebay, paypal, drop out from libra..
will libra still continue ...? why one by one partner liba drop out.? https://twitter.com/coindesk/status/1182747730248118280?s=21

If they left the project that doesn't mean they will not come back when Libra will be successfully launch.
Maybe they are just playing safe at the moment as Libra has been criticized by the government but since its not operational yet, its not a big deal though.
The influence of Libra is huge what they need to focus on is just to have a successful launch and good news will follow.

That's also what I'm looking for, these companies that left Libra will go back when it is safe, they have an interest to protect and they want nothing to do with Libra coin now, but things will change after they soften these adversaries, but everything is yet to be seen, so we have something to watch out for next year.

As Libra was not launched yet, any partnership can only be use once they start to raise funds, but actually even if without partnership during the launch, they can still get funding from different investors if they will open this up to a crowd sale where even small investors can participate.

They all have the option and strategies on how to raise funds and with their reputation and money, they'll surely be able to raise funds for this project that's why this factor was not emphasize much because people are more focus on the regulatory compliance.

[Ozero]

Nothing will stop, there are tons of companies willing to get into this alliance and be a part of Libra. Wait for several more months and you will see that empty places will be booked by same size companies or even bigger.

This is unlikely to happen. The Libra project, if released, is unlikely to reach half of the popularity and relevance for which it was designed. With the advent of national stable coins of various states, such as the USA, China, India, which have already announced their release, it is unlikely that many will still prefer to use Libra. Zuckerberg’s authority in comparison with the authority of the leading world states does not lend itself to any comparison.

[JeffBrad12]

FB was consistently destroying its reputation and this is the result. I choose to support less known but clean projects like Amoveo

The partners just withdrawing after government backlash and it has nothing to do with FB's reputation. They are just afraid of the government and see no future in this project therefore dropping out. Even if facebook has really good reputation they will still drop out from this partner ship if what they face is government which seen as absolute force and they are going to put big money here, it's just logical.

[lousie9]

Well, even without the support of three partners, libra coins will still be able to run and launch tokens, especially because the Facebook community is currently very large.
Especially with news like this, Libra is increasingly interesting to be able to get a Libra token to hold in your wallet.

[TWW]

Well, even without the support of three partners, libra coins will still be able to run and launch tokens, especially because the Facebook community is currently very large.
Especially with news like this, Libra is increasingly interesting to be able to get a Libra token to hold in your wallet.

this is indeed a controversy that makes the libra market bigger later. because the market of Facebook users who are already large will also grow with people who are curious about the news on the media. libra is indeed worth to see how it will play in the crypto market. or they will only be coins that are only used on the facebook platform.

[Sithara007]

Well, even without the support of three partners, libra coins will still be able to run and launch tokens, especially because the Facebook community is currently very large.
Especially with news like this, Libra is increasingly interesting to be able to get a Libra token to hold in your wallet.

I agree. But the problem here is that the Libra management has gone cold turkey now. For the last 2-3 months, both Zucker and David Marcus have been giving excuses to delay or abandon the project, saying that it will be difficult to get the required permits from all the regulatory authorities. The main purpose behind the creation of Libra was to give the stagnant revenues of Facebook a major boost. But as the latest financials indicate, Facebook has managed to do that even without the help from Libra.

[pikkie]

Well, even without the support of three partners, libra coins will still be able to run and launch tokens, especially because the Facebook community is currently very large.
Especially with news like this, Libra is increasingly interesting to be able to get a Libra token to hold in your wallet.

I think Libra will be a very good project to develop, but some time ago I read some articles that the founder of Facebook came out of libra development and did not want to continue, and there are still many big companies that also came out.

[biddicoin]

Well, even without the support of three partners, libra coins will still be able to run and launch tokens, especially because the Facebook community is currently very large.
Especially with news like this, Libra is increasingly interesting to be able to get a Libra token to hold in your wallet.

basically, facebook and libra are totally different. many people like facebook but it doesnt mean that they will like libra too
this is in line with government which againts libra. bcz it is very dangerous for economic system
againts from government, dropout partner makes me doubt libra would be launched.

[kodtycoon]

don't know what will happen if the libra partner keeps dropping out, but libra only needs legal regulatory oversight, so it can be concluded that it doesn't matter when the partner decides to drop out because when libra gets regulatory oversight that is recognized then of course libra will still continue, i will only look forward to what will happen later and hopefully there will be a breakthrough that is amazing from libra

[veilmoil]

i think US regulated make LIBRA is hard to launch even if LIBRA success LAUNCH i don't think all country can use it.

[nicster551]

Visa, mastercard, ebay, paypal, drop out from libra..
will libra still continue ...? why one by one partner liba drop out.? https://twitter.com/coindesk/status/1182747730248118280?s=21

This companies that have backed out of libra's project are worried about the regulations libra will faced in the future. But we will see if they can pull this off, if they're money will help them to make it through. Overall, it doesnt have much impact on project itself as libra or facebook company have already been established and can keep going without them.

[chaoscoinz]

Visa, mastercard, ebay, paypal, drop out from libra..
will libra still continue ...? why one by one partner liba drop out.? https://twitter.com/coindesk/status/1182747730248118280?s=21

I think dropping out for the time being is good for this major corporations in order to distance themselves on an innovation that has yet to segue into mainstream regulation yet. Congress is holding Libra back, partially in fear of the repercussions it could have by having a company as large and as far reaching as Facebook has become. I think fear, uncertainty, and doubt are whats holding Libra back. Perhaps the worlds leaders aren't ready for a globally used cryptocurrency, because that's  most likely what Libra will end up becoming, stable-coin or not.

[BuNga_cute]

In my opinion libra will continue to move forward even though one by one its partners drop out, because libra is still supported by facebook
who have a lot of funds. So it's possible that Libra will still be launching, which is a problem, not the partner of Libra who dropped out. But
the decision of the American government that has not yet agreed to launch libra coin permits. There is speculation that says libra will launch
in 2020.

[Byakuga]

Libra can still proceed without all those big payment companies but i doubt if Libra will perform very well, they will face more tough challenges in near future especially from the government and central bank

[Endikadija]

FB was consistently destroying its reputation and this is the result. I choose to support less known but clean projects like Amoveo

It's not caused by less consistently but the fact that if regulators were not feeling funny to see facebook interested to create its own stable coin. So many times those regulators are arguing if that will be a threat for the centralized ecosystem as so many bankers are also preventing it by give pressure to the facebook to cancel it.
facebook has an intention to make it clear in short time but the regulators didn't.

[gabbie2010]

Libra can still proceed without all those big payment companies but i doubt if Libra will perform very well, they will face more tough challenges in near future especially from the government and central bank

Of course the developers of Libra would continue with the project irrespective of whether PayPal and other companies backed out they have the project white paper already and developmental  plan although the project is facing some sort of regulatory challenges by the US legislators and I am very sure other countries would also checkmate the purpose of that coin and how it going to affect ttheir monetary policies

[bangjoe]

Libra can still proceed without all those big payment companies but i doubt if Libra will perform very well, they will face more tough challenges in near future especially from the government and central bank

Of course the developers of Libra would continue with the project irrespective of whether PayPal and other companies backed out they have the project white paper already and developmental  plan although the project is facing some sort of regulatory challenges by the US legislators and I am very sure other countries would also checkmate the purpose of that coin and how it going to affect ttheir monetary policies

Libra's performance cannot yet run commercially due to the absence of regulation, they will only continue to run in concept and this is their real challenge now, the same investors will return if there is an official agreement with the regulator, if not then they should think to choose a server in other countries and must be prepared to separate from Facebook.

[Almasani]

Visa, mastercard, ebay, paypal, drop out from libra..
will libra still continue ...? why one by one partner liba drop out.? https://twitter.com/coindesk/status/1182747730248118280?s=21

The cryptocurrency that does not choose a partner with Bitcoin and Ethereum will be deadlocked. As good as any program now about crypto, the source remains on Bitcoin and Ethereum. The blockchain system on bitcoin does not have a smart-contract, whereas the first blockchain that has a smart-contract is Ethereum. So, Blockchain belongs to Bitcoin and a smart contract belongs to Ethereum.