Facebook’s Libra Cryptocurrency Plans Dealt Fresh Blow as Another Major Partner Abandons Project

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Vodafone is the latest firm to abandon Facebook’s Libra Association, another blow to the social network’s cryptocurrency plans after the exit of Visa and Mastercard.

Several large brands have left the project since it was first announced last June, mostly citing concerns about financial regulation, piling pressure on the Facebook subsidiary’s hopes of creating a crypto coin that could be implemented into Messenger and WhatsApp.