Sources: Visa, Mastercard, and other financial partners that signed on to help Facebook build the Libra payments network are reconsidering their involvement
After backlash from U.S. and European government officials, executives of some of Libra's backers decline Facebook's requests to publicly support the project
Wall Street Journal
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Discussion
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@davidmarcus
David Marcus
on x
Felt like addressing this. 1) official 1st wave of Libra Association members will be formalized in the weeks to come; (continued) https://twitter.com/...
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@davidmarcus
David Marcus
on x
2) change of this magnitude is hard and requires courage + it will be a long journey. For Libra to succeed it needs committed members, and while I have no knowledge of specific organizations plans to not step up, commitment to the mission is more important than anything else;
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@el33th4xor
Emin Gn Sirer
on x
I keep saying: permissioned systems are very hard to keep together. The coalitions always crack. You need to have a way to connect permissioned networks like Libra to larger, permissionless systems. Let's give FB time, they'll eventually get it. https://www.wsj.com/...
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@davidmarcus
David Marcus
on x
3) The part of this article suggesting we weren't on top of, or didn't share detailed information about how to secure Libra and protect the network against illegal activity is categorically untrue; (worth calling BS)
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@davidmarcus
David Marcus
on x
4) The tone of some of this reporting suggests angst, etc... I can tell you that we're very calmly, and confidently working through the legitimate concerns that Libra has raised by bringing conversations about the value of digital currencies to the forefront.
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@dtunkelang
Daniel Tunkelang
on x
There are some things Libra can't buy. For everything else there's Mastercard. https://www.wsj.com/...
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@lionelgeek
Lionel Menchaca Jr
on x
To the partners backing out, have a backbone. Or use your heads. Better yet, do both. https://twitter.com/...
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@mattwalshinbos
Matt Walsh
on x
“Pigs reconsider butcher's invitation to dinner” https://www.wsj.com/...