5 Libra partners give up on Facebook cryptocurrency

[Afrizal rahman 2636]

The five partners resigned to support Libra, whether that would be an obstacle for them. Right now it looks like Libra has to go through a very difficult road, but they still have a well-known supporting company behind it.

[teminalibug 309]

5!!!??? ah, i see where this is going, I do not see Facebook dropping it's project, I see partners are been bought to leave the project but i see facebook moving on  juts like mark moved on while co-founders ditched facebook.

[Sid 589]

I think there are still many other partners who support the Libra project. Maybe Libra will go well. We will see later👍

[pulokdeb 61]

Russian partners leave Facebook and face various kinds of problems, so it is forbidden and we will always want to keep it a secret because it is not valid in all countries.

[miskyming 1588]

Well I don't know if this Libra will be launch this year.. because many big companies are give up partnering facebook.. adds the government that are very strict when it comes to crypto.. 

[tienda 8776]

Yes of course Libra owner is Facebook and there are many companies who will prefer those coins who their owner are power on the world business, so they trust more Libra because Facebook company.

 

 

[Linkkoin 116]

Imagine that Facebook would have even more personal data about you (KYC), while just this weekend they had an enormous leak of information about users (you could see the name and the surname of admins of all facebook websites).

Now think about someone having all the detailed data for your verification and publishing it on random places for the purpose of scamming others, including taking loans or money laundering.

[Shahud 1319]

I think giving up of the libra team will never affect to it.because many traders have shown their interest in the libra coin and accepeted it to be the future of thr crypto.and it will come up with a decent price

[bliznec 22268]

But there are those who support the initiative of the publication of the Libra coin. This is definitely what will give, at least some, but fruits. 

[suzuya 945]

This is really sad because libra is kind of a good move by facebook and crypto because this will help crypto to be known by many people and to make people knowledgeable about the existence and use of crypto. I hope that facebook's project will still become successful after this.

[Sagor 500]

On 1/24/2020 at 4:27 AM, Alhassan Salihu said:

Each currency is unik and can only grow if is widely accepted in the world

i also think so. each new token or coin has its own future and if the owner of the coin do their best then any new coin may go to moon.

[Maaz sultan 265]

Libre dont need some companies it already buying many investors are investing ,buying this coin and many big investors or traders can buy it its market is profitable everyone knows .

[Amirul Islam 382]

On 10/17/2019 at 1:47 AM, phabulu said:

The day before yesterday C | Net (https://www.cnet.com/news/facebooks-libra-cryptocurrency-loses-support-of-five-founding-members/)  reported the departure of 5 major companies that had been announced as founding members of the Libra Association (https://libra.org), an initiative led by Facebook to implement a stable, simple and affordable global cryptocurrency.

Libra is a big project. It’s a technology of facebook. Facebook will enter to this market with libra project. And it will be great revolution for crypto.    

[PiroSense 2681]

This is mainly because of Facebook's alleged misuse of data and several Data Privacy breaches and issues, which these core backers doesn't want to be within their company's reputation.

[Interface User 1070]

May I know the other reason why they leave? Because I guess Libra will fall because of its stability and opposed the ideas of crypto currency. Or maybe because of the Facebook itself?

Edited February 9, 2020 by Interface User
Addition of Some Ideas

[amara123123 76]

Few months ago we saw face book soon going to launch it's Libra project but now delay and delay on it. It means something wrong for this project so may be their collaboration has been gone. 

[rekter 8129]

On 10/16/2019 at 10:52 PM, Wrath said:

Five of libra partners leaving wouldn't hurt the coin, libra still have hundred of companies backing it and bitcoin started with nothing now look at it. There will be no stopping libra, libra is the future of crypto currency and it will rise to the top.

You can't compare Bitcoin with Libra. Their core approach differ from each other.

But coming back to op: You can't really blame them for getting out from the sinking ship. Very powerful people are lobbing against Libra and you don't want to get on their bad side if Libra loses this battle.

[fuer44 1083]

I think Facebook will still launch libra even though 5 companies supporting it have left. if Facebook still maintains their ideology as a stable libra, I think it's not a big problem and Facebook can overcome that.

[Tasrif Hossain 271]

Yes, I know its offer is a long time ago, but I have my own doubts about whether it was really an official offer or not, and I think it was a completely thought-provoking offer that spread a lot to peopleI think and I think we should always stay away from these things.And we should always know everything and then work within it

[Fleur de Bleau 168]

PayPal don't have any connection now in Libra. And also Mark Zuckerberg already said that he are not part of Libra now.  Haha.  So what is Libra?  Failed project. 

[Rstunirk 151]

Libra is involved in a potential dispute between Facebook and the USA government. But they are in the found partners and the scheme will be lucrative with the prop up of mutually sides. 

[Ceaser 2]

am i the individual one who desires them to crash and plan this coin in no way launch? theyre if truth be told obtainable to action oodles of liquidity from crypto and comprise monopoly over the market, give permission that institutional riches pour into bitcoin and alts for every person to profit.

 

[Amir YT 202]

On 10/17/2019 at 1:52 AM, Wrath said:

Five of libra partners leaving wouldn't hurt the coin, libra still have hundred of companies backing it and bitcoin started with nothing now look at it. There will be no stopping libra, libra is the future of crypto currency and it will rise to the top.

Facebook is a famous social platform. It has a huge community members. Recently facebook announced that they will launch their own blockchain in the market which name is libra blockchain. And it will be great for crypto to enter facebook into crypto.

[Captain Karim 0]

Bad news, many governments and banks are opposed to Facebook's Libra currency and we don't know what the outcome will be in the end, but I hope this project will succeed because its success will support the crypto community very much.

[Sayma11 16]

I have learned that Libra is really huge, that investors from different platforms have joined here and investors are interested in buying stocks.  I do not know the logical reason for this, but the government has not yet brought it out properly for unrelated reasons.  We may have to wait for that.