Why Paypal Mastercard distance from Libra

[CryptoMaxim 3829]

On 10.02.2020 at 02:54, MAQ said:

Paypal and Mastercard are large companies. When I have a problem with Libra, surely it's only within that scope that I know about it. So that we as impromptu observers, will never know the reason that they really came out of libra.

Probably there are reasons that we will not be told. I have often heard that Paypal does not really welcome cooperation with cryptocurrencies.

[BTC Future 3946]

All these companies that participated in Libra and left, they did so to figure out what Libra was about. They left after getting what they wanted and will probably create their own digital currencies in the future.

[BrolySSJ 7899]

I don't that master card would consider working together with libra, because libra is a cryptocurrency and therefore both of these companies will then be providing some form of financial services, meaning that they will become competitors. In this case it would make no sense for one of the companies to fund the other, as it may reduce their profits. Libra should be fine on its own though, as it is powered by Facebook which has many users.

[Thekingcallme 1975]

I think some big companies like Paypal and MasterCard evaded the Facebook project regarding the libra coin as it is a failed project and does not have any good advantages

[Ridam 7455]

Well Facebook a huge company and if they really wants to do huge , Facebook can literally do big combat on Crypto and Facebook may start their own payment system too .

[magd 5231]

This decision is very fast because Libera is a new currency that is affiliated with the largest social media company. Advertisements and promotions subject to Facebook policy may be more positive and profitable than sharing with Paypal and MasterCard that are subject to digital currencies and not cryptocurrencies

[Rezort 846]

The problem with governments is the most important one because without an agreement with the government cryptocurrency would not have official power to the world and market.

[CryptoLover21 0]

Maybe the government make aware PayPal company due to some issues with facebook. So company have not permission or forced not to bind with Libra related projects. I hope facebook decide to lunch Libra currency without any company. 

[pablomarwan 3082]

The company’s façade has some penalties in the first among the problems that I directed that it was promoted that this liber is the alternative to the dollar’s currency. This created some problems that led to many companies that give up their support. Also frauds that were promoted also about customers and the goals that Aim at her undesirable. But perhaps there is another side that has achieved balance and return to the right path

[Rahul11 292]

On 10/14/2019 at 5:31 AM, wasabiaki said:

We all know that libra has lots of partnership from giant companies but what makes those giant distant from them?

The reason is that the libra which have not yet launch has already faces lots of obstacle in its path , one of this is that facebook faces issues with the government, that needs explanations, a well known campanies will not join a project with issues specially those establish ones, if this issues were resolve soon I think those company will come back but not the same approach the last time because now they will check everything

In this time many countries afraid about crypto because of it's anonymous process. I think this is main reason to suffer difficulties libra project. But facebook has a large number of community and it can easily face any problem.

[Omar Ommeish 4872]

Yes, Libra and Facebook are facing a lot of problems that are an obstacle against the issuance of the cryptocurrency, but I think they will be able to overcome these problems.

[Virgil dijk 1431]

Well I don't really know why the libra distance its self from this company which would have been helpful to them, well I think since the libra is owned by Facebook maybe there fell there can survive on thier own since Facebook is a big company.

[TimopheyKa 3900]

I think it has its effect! That is, it turns out that the visa does not particularly approve of this coin, and does not want to get involved with it in any way to avoid any further problems

[AlexBerkut 51]

On 14.10.2019 at 03:31, wasabiaki said:

We all know that libra has lots of partnership from giant companies but what makes those giant distant from them?

The reason is that the libra which have not yet launch has already faces lots of obstacle in its path , one of this is that facebook faces issues with the government, that needs explanations, a well known campanies will not join a project with issues specially those establish ones, if this issues were resolve soon I think those company will come back but not the same approach the last time because now they will check everything

Perhaps these companies have their own inside information about this coin. Or they have some common conspiracy. Or they simply prefer other coins. The crypto market is booming, with many coins ahead of grandiose breakthroughs.

 

[Alex9876r 1408]

I asked the question and answered it at the same time Paypal and MasterCard first, it will not deal with a currency that has not been launched and also will not establish future partnerships or agreements with the currency of its project suffers from legal problems with the government and therefore it is not reliable until the moment for them and does not exist on the ground However, Paypal, for example, recently allowed Bitcoin to be bought through it, and this is an excellent step and indicates a remarkable progress in the expansion and openness of the world of cryptography and its currencies.

[Joseunda 35]

I believe that the issue may be with permits and the relationships that these companies have with goverments and their fiats curriencies

[Razan alikac 1899]

Facebook has faced many legislative problems, and it has not yet been able to reach a compromise with the decision-makers, but according to your statements they are still working on the project, but I think that if the project is restricted to this degree, it will become central.

[SuperCrypto 7193]

We note that the exclusion of large partnerships for the Facebook currency of Libra has resulted in a legal and legislative failure, which led to the withdrawal of a group of companies that represent the payment side, and thus the problem of not being able to classify Libra as a payment system, which Facebook was actively seeking.

[Mwangi 5611]

Libra is backed by facebook and facebook has been one of the most successful ventures the world has ever know, Libra has been introduced to make sure that it integrates with facebook so that when you are a facebook user you automatically becomes a Libra user and in  the end its become so difficult for so many people to follow a story they know where it ends, By master card distancing itself , its protecting its market, an already established market, they have fear that it could be an end for them.

[Cryptomint 433]

I listened a lot of news about libra but not showing the main news. Means when it will be launched and on starting time it was trending a lot. But now no news. 

[Nicole018 4548]

It is best to become partners with company that have good reputation. PayPal is definitely a medium of transferring fund that has authentic platform for the users avoiding many kinds of fraud. It is best to choose the right kind of partners to do business. This way we could avoid many obstacles that may come in their path during their day to day activities.

[Cryptomint 433]

Now I was reading an article that was saying that the paypal is now accepting the cryptocurrencies and many are making transactions.

[zhoutong 2188]

They were probably informed that there was hope for libra and left immediately. The US commitee of regulators that oversee the facebook project for a stable coin wasn't going to accept it. It is probably going to stay like that in the future attempts too.

[Syriana 350]

Indeed, I think that the problems between the scale and the Mastrcard are legal problems, and I do not think they are financial, because if it was financial, Facebook would have taken care of everything because it has nearly a billion users and it is not unable to finance such projects and I do not know exactly what the problem is

[huesca123 946]

FaceBook / FakeBook is a rotten company, that steals & sells your personal info. They also stalk you around the internet. Thats all they care about, your money, nothing else. They lie to the US Congress, say " I´m sorry " get a slap on the wrist & then are free to do what they want again. Or they pay a measly fine, that is pocket change to them. They will also give your personal info to any government for any reason, without a warrant. They get away with this crap. Stop using FakeBook for your own good. Major companies are shying away from FakeBook for many reasons. Libra was a scam from the beginning, FakeBook just wanted to profit from the crypto market. Once again, profit.