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Visa, Mastercard Reportedly Reconsidering Support For Facebook's Libra

posted by Fnord666 on Thursday October 03 2019, @02:51PM   Printer-friendly
from the seemed-like-a-good-idea-at-the-time dept.

Arthur T Knackerbracket has found the following story:

The coalition Facebook assembled to create a global payments network may be losing some key financial support. Visa, Mastercard and other financial partners who signed on to support Libra are reconsidering their involvement in the network, The Wall Street Journal reported Tuesday.

The financial partners are reluctant to attract regulatory scrutiny following backlash from governments and banks and have declined Facebook's requests to publicly support the project, the Journal reported, citing sources familiar with the matter.

[...] Visa declined to comment. Representatives from Facebook and Mastercard didn't immediately respond to requests for comment.

Also at The Wall Street Journal.

Original Submission

 
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  • (Score: 0) by Anonymous Coward on Thursday October 03 2019, @09:23PM (4 children)

    by Anonymous Coward on Thursday October 03 2019, @09:23PM (#902434)

    You might want to rethink your strategy based on this information [youtube.com].

  • (Score: 2) by NotSanguine on Thursday October 03 2019, @10:52PM

    by NotSanguine (285) <{NotSanguine} {at} {SoylentNews.Org}> on Thursday October 03 2019, @10:52PM (#902461) Homepage Journal

    That's not "information," that's a youtube video. There's a big difference.

    Thanks for the suggestion, but I'd rather have my tonsils extracted through my ears.

    --
    No, no, you're not thinking; you're just being logical. --Niels Bohr

  • (Score: 4, Interesting) by NotSanguine on Thursday October 03 2019, @10:53PM (1 child)

    by NotSanguine (285) <{NotSanguine} {at} {SoylentNews.Org}> on Thursday October 03 2019, @10:53PM (#902462) Homepage Journal

    And just to clarify, if whatever "information" is in this video isn't available as *not a video* somewhere else, it's likely garbage anyway.

    --
    No, no, you're not thinking; you're just being logical. --Niels Bohr

    • (Score: 1) by khallow on Friday October 04 2019, @01:43PM

      by khallow (3766) Subscriber Badge on Friday October 04 2019, @01:43PM (#902601) Journal
      Matches my take on this. And how do you copy and paste from a video into a text document? If I write what I think I heard, then we get into the "astronaut" versus "a confidant" arguments.

  • (Score: 2) by NotSanguine on Thursday October 03 2019, @10:55PM

    by NotSanguine (285) <{NotSanguine} {at} {SoylentNews.Org}> on Thursday October 03 2019, @10:55PM (#902463) Homepage Journal

    Oh, and some guy named Poe [wikipedia.org] called. He'd like a word with you.

    --
    No, no, you're not thinking; you're just being logical. --Niels Bohr