Facebook CEO Mark Zuckerberg plans to testify on Libra, Facebook’s proposed global cryptocurrency, on Oct. 23. — in the wake of Visa, Mastercard, eBay, Stripe and PayPal pulling out of the project.
The big picture: Visa, Mastercard and Paypal were the largest payment companies
in Facebook’s “Founding Members” group, or organizations that said it would back the Switzerland-based foundation that plans to manage the Libra cryptocurrency.
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