Yesterday Vodafone confirmed it was the latest major corporation to move away from the Libra digital currency project
unveiled by Facebook in June last year. With 625 million subscribers, Vodafone is the world’s second-largest telecoms company based on user count.
Several high profile corporates dropped out of Libra before formally signing the
Libra Association charter in October. Vodafone is the first that signed the charter but subsequently withdrew. The organizations that dropped out earlier were
PayPal,
Visa, Mastercard, Stripe, Mercado Pago, and
Booking.com.
“We will continue to monitor the development of the Libra Association and do not rule out the possibility of future co-operation,” according to a Vodafone statement.
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