Today the
Libra Association
announced that 21 initial members have signed the Libra Association Charter and the governing council was formalized. Bookings Holdings is the latest withdrawal from the stablecoin project, following the departures of five payments founding members and eBay. Bookings is the holding company for Booking.com, Priceline, Kayak and OpenTable.
The five payments companies that withdrew in the last ten days are
PayPal,
Visa, Mastercard, Stripe and Mercado Pago. Following the backlash against Libra by regulators, concerns about increased oversight must have been a contributing factor. Hence 25% of the original members have dropped out since Facebook’s digital currency and blockchain project was
unveiled in June.
The council appointed a five-member board of directors who are Matthew Davie (Kiva Microfunds), Patrick Ellis (PayU), Katie Haun (Andreessen Horowitz), David Marcus (Facebook’s Calibra), and Wences Casares (Xapo).
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