Many in the crypto community were shocked in June when Facebook unveiled the firms backing Libra Visa, Mastercard, PayPal, Uber, Spotify, Coinbase, Xapo, and countless other pro-innovation companies and investors.
While the marketing material which showed the Libra emblem enclosed by the logos of the aforementioned companies made it seem like these partners are concretely part of Libra, there have been some doubts thrown around.
An executive of PayPal, who is effectively investing in a competitor by getting involved with Libra, recently came out to issue comments about the project, marking somewhat of a blow to the project amid already intense times for Libra.
According to a report from the AFP published this weekend, PayPal isnt 100% convinced Libra will become the money of the future.
The fintech giants investor relations vice president, Gabrielle Rabinovitch, asserted that should PayPal reconsider, their involvement in the Libra Association is technically a non-binding commitment.
Indeed, as reported by this outlet previously, the CEO of Visa said that what his firm signed with Libra is a non-binding letter of intent, meaning that no one has yet officially joined. Even the head of Facebooks blockchain ambitions, PayPal alumnus David Marcus, has admitted that Libra partners reserve the right to pull their support.
Rabinovitch, notably, didnt even hint that PayPal is looking to make a dash for the door. But, she asserted that there is a lot of work that needs to be completed before Libra is anything more than just a very exciting idea.
PayPal isnt the only Libra Association member to have cast some doubt on the cryptocurrency. Previously, the Financial Times reported that three of the Libra Associations members have been considering leaving the consortium. One of the executives of the skeptical firms said that Libra will put a strain on partners looking to maintain regulatory compliance.
Some firms might want out, but others want in, specifically firms native to the crypto industry.
The most notable of these Libra-curious firms is Gemini, the firm founded by Zuckerbergs rivals, the Winklevoss Twins. The brothers said in a CNN interview that they have an active line with Libras team, but are currently waiting on more information about the project before pulling the trigger.
Crypto infrastructure provider Bitcoin.com, previously led by Roger Ver, has also hinted at its interest in Libra. In a recent video published to the Bitcoin.com Youtube channel, Roger Ver said that his company has been in contact with Libra.
There has been also of some involvement in Libra by Asian-centric cryptocurrency firms, namely Japanese exchange CoinCheck and Taiwanese exchange MaiCoin.
Binance earlier this year said that it was also interested. However, the firm did a recent 180, launching its own stablecoin project the also-astrologically named Venus to compete with Libra.
All this comes at a very interesting turning point in Libras short but widely-covered lifespan. Last week, regulators in both France and Germany formally revealed moves to ban the development and launch of Libra in the European Union, echoing the line of U.S. politician Maxine Waters across the pond.
On Monday, representatives from the worlds central banks met in Switzerland to meet with Libra, presumably to discuss the potential monetary and criminal risks involved in the revolutionary cryptocurrency project.
Despite all this volatility internally and externally, key members in the whole Libra equation have still expressed their optimism. In recent interviews and event appearances, both the chief operating officer of Calibra
eToro Risk Warning: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read more from the original source:
PayPal Casts Doubt On Libra: Claims Facebook Crypto Still Needs Work - Blockonomi
- Roger Ver helps raise $87k for an anti-war charity - Dowbit - February 6th, 2018 [February 6th, 2018]
- Roger Ver Confirms He'll Sell His Bitcoin: 130K BTU Trade a ... - February 6th, 2018 [February 6th, 2018]
- Tezos Sued again and Roger Ver Tantrums: Best of the Week - February 6th, 2018 [February 6th, 2018]
- Roger Ver Says Ethereum May Overtake Bitcoin in Market Cap - March 10th, 2018 [March 10th, 2018]
- Bitcoin.com CEO Roger Ver Downplays Alleged Insider Trading ... - March 10th, 2018 [March 10th, 2018]
- Bitcoin Cash News: Visa Debit Card for Bitcoin Cash ... - March 20th, 2018 [March 20th, 2018]
- Roger Ver Tweets in Support of Insider Trading Following ... - April 5th, 2018 [April 5th, 2018]
- Evidence Emerges of CNBC Collusion with Roger Ver, BCash - June 3rd, 2018 [June 3rd, 2018]
- Roger Ver on 'the Flippening': Ethereum Will Upstage ... - June 5th, 2018 [June 5th, 2018]
- Roger Ver: "Ethereum Will Overtake Bitcoin in Market Cap" - June 5th, 2018 [June 5th, 2018]
- MPC60 Software - Roger Linn - June 15th, 2018 [June 15th, 2018]
- Roger Ver lawsuit - bitcoinist.com - June 15th, 2018 [June 15th, 2018]
- voluntaryist.com - Roger Ver - June 22nd, 2018 [June 22nd, 2018]
- There Could be a New Crypto-King: Ethereum - Roger Ver ... - June 22nd, 2018 [June 22nd, 2018]
- Penrose process - Wikipedia - June 28th, 2018 [June 28th, 2018]
- Roger Ver: Bitcoin Cash is a Better Investment Than ... - October 2nd, 2018 [October 2nd, 2018]
- Roger Ver | Facebook - October 11th, 2018 [October 11th, 2018]
- Roger Ver Debates Charlie Lee - The Lightning Network - October 11th, 2018 [October 11th, 2018]
- PR: Roger Ver Joins Azbit Crypto Exchange Advisory Board ... - October 18th, 2018 [October 18th, 2018]
- Roger Ver joins Azbit exchange as Advisor - bcfocus.com - October 18th, 2018 [October 18th, 2018]
- Bitcoin Jesus | Bitcoin Cash | whoisrogerver.com - October 18th, 2018 [October 18th, 2018]
- Roger Ver yells that "there is no God" in Blockchain Cruise ... - October 18th, 2018 [October 18th, 2018]
- Roger Ver Is Criticized for Cripple Coin Comment by BCH ... - January 26th, 2019 [January 26th, 2019]
- Bitcoin Cash Hard Fork Controversy: Roger Ver vs. Craig Wright - January 26th, 2019 [January 26th, 2019]
- Roger Ver Now 'Pretty Damn Skeptical' of Craig Wright Being ... - January 26th, 2019 [January 26th, 2019]
- Roger Ver and Richard Heart Bitcoin debate. - January 26th, 2019 [January 26th, 2019]
- Bitmain, Roger Ver, Kraken Sued as Bitcoin Cash Nightmare ... - January 26th, 2019 [January 26th, 2019]
- Roger Ver Promotes Bitcoin Cash On CNBC's Fast Money - UNHASHED - January 26th, 2019 [January 26th, 2019]
- Roger Ver: Maybe Ive Been Fooled by Craig Wright - January 26th, 2019 [January 26th, 2019]
- Roger Ver: Fake social media accounts using my name have ... - January 26th, 2019 [January 26th, 2019]
- MPC60 Software - Roger Linn Design - February 6th, 2019 [February 6th, 2019]
- About Us Bitcoin.com - March 3rd, 2019 [March 3rd, 2019]
- FreeSociety - April 21st, 2019 [April 21st, 2019]
- HTC has partnered with Bitcoin.com for cryptocurrency support in - NewsAffinity - September 19th, 2019 [September 19th, 2019]
- Bitopia Launches First-Ever Crypto Robo-Advisory! - newsBTC - September 19th, 2019 [September 19th, 2019]
- Bitcoin {BTC} targets $10k as Chaincode Labs circulates Lightning Network Protocol Development Curriculum - OBN - September 19th, 2019 [September 19th, 2019]
- SIGEF2019 in Tokyo to Shape a Smarter Future - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Bitcoin(dot)com Crypto Exchange Posts Dishonest Volumes - Bitcoinist - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash Futures Expected to Open up US Market by Q1 2020 - Bitcoin News - September 19th, 2019 [September 19th, 2019]
- Liven Announces Strategic Partnership with Bitcoin.com - Bitcoin News - September 19th, 2019 [September 19th, 2019]
- Thousands of Aussie restaurants will soon accept Bitcoin Cash - Micky News - September 19th, 2019 [September 19th, 2019]
- HTC partners with Bitcoin.com to support cryptocurrency smartphone Exodus 1 - VentureBeat - September 19th, 2019 [September 19th, 2019]
- Craig Wright enters settlement talks in $10 billion Bitcoin lawsuit - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Roger Vers Next Big Step: Bitcoin.com Unveils Its Own Cryptocurrency Exchange - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Roger Ver Wants To Pay You To Trade On His New Bitcoin.com Exchange - Benzinga - September 19th, 2019 [September 19th, 2019]
- Cryptos Free Market Obeys Nobody, Not Even Roger Ver - Crypto Briefing - September 19th, 2019 [September 19th, 2019]
- Roger Ver plans to launch Bitcoin Cash derivatives platform - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Bitcoin Jesus uploads new video via Bitcoin.coms official channel, showcases the slow speed linked to Bitcoin Core transactions - OBN - October 1st, 2019 [October 1st, 2019]
- The CEO of ShapeShift.com examines the pessimism prevailing in the cryptosphere - OBN - October 5th, 2019 [October 5th, 2019]
- Malta AI & Blockchain Summit looks to shape the future - Times of Malta - October 5th, 2019 [October 5th, 2019]
- Bitcoin Cash {BCH} shoots back up; Roger Ver of Bitcoin.com harps on the necessity of fundamentals - OBN - October 5th, 2019 [October 5th, 2019]
- Twitter handle associated with Bitcoin {BTC} ridicules Roger Ver, faces flak from the community - OBN - October 5th, 2019 [October 5th, 2019]
- Executive exodus from Blockchain.com started in 2014 with Binance CEO - Decrypt - October 5th, 2019 [October 5th, 2019]
- GRUDGE MATCH: 'Dr Doom' goes head to head with Roger Ver - Micky News - October 5th, 2019 [October 5th, 2019]
- Bitcoin Price Could Be Headed Further Down, Forbes Analyst Says - U.Today - October 16th, 2019 [October 16th, 2019]
- Central Bank Cryptocurrency Can Arrive Faster Than You Think: ING Chief - U.Today - October 16th, 2019 [October 16th, 2019]
- Bitcoin Price Prints Massive Red Candle After Failing to Break Above Key Resistance Level - U.Today - October 16th, 2019 [October 16th, 2019]
- Weekly Wrap-Up October 18th, 2019 - TheNews.Asia - October 19th, 2019 [October 19th, 2019]
- Driving the decentralized revolution; Devcon 5 - Cryptopolitan - October 19th, 2019 [October 19th, 2019]
- Ethereum is fantastic as an ICO platform: Bitcoin Cashs Roger Ver - AMBCrypto - October 19th, 2019 [October 19th, 2019]
- BREAKING: Roger Ver clashes with Nouriel Roubini in heated debate - Yahoo Finance - October 19th, 2019 [October 19th, 2019]
- Binance announces listing of BCH-pegged tokens on Binance Chain - AMBCrypto - October 24th, 2019 [October 24th, 2019]
- BTC, BSV, BCH Update, HOT and NEW See Gains, Oct. 21 Bitcoin is stable and still - Bitrates - October 24th, 2019 [October 24th, 2019]
- Sunday Digest: Bitcoin Price And The Week's Top Stories - Bitcoinist - October 24th, 2019 [October 24th, 2019]
- Bitcoin (BTC) Price Breaks Above $8,200 While Bitcoin Cash (BCH) and Bitcoin SV (BSV) Post Even Higher Gains - U.Today - October 24th, 2019 [October 24th, 2019]
- Lightning Network User Confused By Protocol: Lost 30000 USD - Bitcoin News - October 24th, 2019 [October 24th, 2019]
- Roger Ver Claims Bitcoin Is Not Censorship-Resistant. Here's Why - U.Today - November 11th, 2019 [November 11th, 2019]
- Roger Ver Apparently Thinks Bitcoin Cash Value Could Increase 100,000% - Cointelegraph - November 11th, 2019 [November 11th, 2019]
- Manipulations, Turns, Exchanges and 20 Crypto Jokes - Cryptonews - November 13th, 2019 [November 13th, 2019]
- Bitcoin Money's Q3 efficiency became terrifying right here's what occurred - 101Newsindustry - November 13th, 2019 [November 13th, 2019]
- The origins of Bitcoin: BTC deviates from Bitcoin protocol - CoinGeek - November 18th, 2019 [November 18th, 2019]
- Who are the Main People in Bitcoin? - BlockPublisher - November 18th, 2019 [November 18th, 2019]
- Video: Bruce Fenton on the Bitcoin Foundation, Satoshi Roundtable... - Bitcoin Magazine - November 25th, 2019 [November 25th, 2019]
- Learn about Bitcoin before your grandmother does - Yahoo Finance - November 25th, 2019 [November 25th, 2019]
- Crypto Fans Often Clash on Twitter Now, They Can Battle in a Game - Cointelegraph - November 25th, 2019 [November 25th, 2019]
- 'Bitcoin Jesus' Roger Ver Supports Arrested Ethereum Dev, Calvin Ayre Accuses Him of Treason - U.Today - December 1st, 2019 [December 1st, 2019]
- A Tale of Three Coins: The Ongoing Saga of BTC, BCH and BSV - Finance Magnates - December 13th, 2019 [December 13th, 2019]
- Bitcoin Cash will go up post-halving, claims Roger Ver - AMBCrypto - December 13th, 2019 [December 13th, 2019]
- CoinFlex hires former Binance head of trading as its new CSO. - Coinnounce - December 21st, 2019 [December 21st, 2019]
- Bitcoin Cash (BCH) is here to stay: Sydney Ifergan - The Cryptocurrency Analytics - December 21st, 2019 [December 21st, 2019]