Briefing

Ebay, Stripe and Mastercard abandon plans to join Facebook’s digital currency

The first two firms said they respect what Facebook is doing with Libra, but will not be part of the project. Mastercard has yet to confirm its exit. The Libra Association, a Geneva-based non-profit set up to govern the currency, said it will nonetheless move forward. The group is scheduled to meet on Monday to nominate board members. (Financial Times, Bloomberg, CNBC)

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