Support for Facebook's cryptocurrency is already falling apart

Libra suffered another major setback as four more early backers announced they were ending their involvement with the Facebook-created Libra Association.

Visa, eBay, Mastercard, and payments processor Stripe all announced that they would leave the organization tasked with making key decisions about the cryptocurrency's future.  

Their departures follow PayPal, which announced last week it was leaving the Libra Association, and comes just days ahead of the first Libra Association Council meeting in Switzerland. PayPal left even though its former president, David Marcus, is the head of Libra at Facebook. The Financial Times first reported that eBay and Stripe were leaving, and reports soon surfaced that Visa and Mastercard had departed as well. Read more...