Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing regarding the company’s use and protection of user data on Capitol Hill in Washington, U.S., April 11, 2018.Most of Facebook's key partners on its cryptocurrency project Libra are refusing to publicly support it.Key backers like Mastercard, Uber, and PayPal are ignoring inquiries as to whether they are still committed to Libra.
The lack of public support leaves Facebook isolated on the controversial project, and raises questions as to whether some partners may try to quietly drop out. In June 2019, Facebook announced Libra — a plan for a new digital currency that would help enable online purchases and money transfers, and would be led by a consortium of dozens of different companies via a new non-profit organisation, the Libra Association.
The lack of public support leaves Facebook largely isolated in trying to defend Libra, which it has insisted is a group effort.
It’s a really dumb idea. No one can trust that weasel Zuckerburg
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