Libra’s Ranks Shrink Again As Crypto Group Appoints a Board
https://www.wired.com/story/libras-ranks-shrink-again-crypto-group-appoints-board/
Libra could use a return to balance. Even by Facebook standards, it’s been a tumultuous few weeks for the company’s nascent cryptocurrency effort. First came the departure of PayPal, the old haunt of Facebook blockchain guru David Marcus, from the Libra Association, the group that plans to administer the cryptocurrency. Then came six other defections, including Visa and Mastercard—and, Monday morning, Priceline owner Bookings Holdings. Adding salt to the wound, Facebook’s new fintech subsidiary, Calibra, was slapped with a lawsuit last week over its logo, which bears a suspicious resemblance to another fintech’s look.
On Monday, the remaining members of the Libra Association held their first meeting in Geneva. If they were in search of clarity, they appeared to gain little.