The omens for Libra are not good if this is true!
Rumours abound – apparently, allegedly, as PayPal was the only one of the 28 backers that did not attend a recent key meeting they are perceived to be on the verge of pulling out of the project. Read the detail here at the FT.
Despite this, the head of policy and communications for the Libra Association, Dante Disparte, remains bullish insisting that all systems are still go this being further reinforced by a spokesperson for Libra insisting that ‘1,500 entities’ had indicated they would participate in Libra.
Elsewhere it is also rumoured that, in light of European and US government official’s more recent negative scrutinising of Libra matters, MasterCard and Visa are having a rethink of their involvement and any possible repercussions.