eBay and Stripe pull out of Facebook's Libra cryptocurrency

eBay and Stripe pull out of Facebook's Libra cryptocurrency

"We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member," eBay said in a statement. "At this time, we are focused on rolling out eBay's managed payments experience for our customers."

"Stripe is supportive of projects that aim to make online commerce more accessible for people around the world.," Stripe told the FT. Libra has this potential. We will follow its progress closely and remain open to working with the Libra Association at a later stage."

PayPal dropped its support for Libra last week. Visa and Mastercard are reportedly reconsidering whether to stay involved.

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