Jan 21, 2020
Vodafone quits Facebook's Libra currency
Vodafone has become the latest company to leave Facebook's digital currency project, Libra. The Libra Association has seen an exodus of backers including Paypal and Mastercard amid regulatory scrutiny. "Vodafone Group has decided to withdraw from the Libra Association," the firm said in a statement to the Telegraph. Dante Disparte, head of policy and communications for the Libra Association, said: "Although the makeup of the Association members may change over time, the design of Libra's governance and technology ensures the Libra payment system will remain resilient". Payments giants Mastercard and Visa pulled out of the Libra project in October, citing regulatory uncertainty.
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