‘Doomed to failure!’ Is Facebook’s Libra adventure already over?

November 20, 2019

Ever since last year’s data privacy scandal, Facebook has looked like a company running out of friends. Indeed, just four months on from the announcement of its proposed new cryptocurrency — Libra — major names including Visa, Mastercard, eBay, Stripe, Paypal and Mercado Pago have already exited the Facebook-led project. It’s probably no surprise, therefore, that political and business leaders across the globe have also been queuing up to put the boot into Libra.

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