Visa, Mastercard, Stripe, and eBay exit Facebook’s Libra project

Re:Visa, Mastercard, Stripe, and eBay exit Facebook’s Libra ... by capocannoniere on Friday October 11, 2019 @07:10PM (#21229263)

I'd argue the outcome of this will be that Facebook will launch their own payments infrastructure on top of WhatsApp. There was no need for crypto or a Libra association to begin with.

According to the leaked Facebook all-hands audio, Facebook is already planning to launch payments in Mexico by end of 2019 (https://qz.com/1719731/zuckerberg-confirms-facebook-payment-...).

I wouldn't be surprised if this goes extremely well for Facebook and WhatsApp payments becomes WeChat Pay / AliPay for the rest of the world.

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Re:Visa, Mastercard, Stripe, and eBay exit Facebook’s Libra ... by anonimouse5t43w on Friday October 11, 2019 @10:10PM (#21230137)

Just look at what Wechat is currently doing and you can get an idea of what Facebook will be doing in the future.

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Re:Visa, Mastercard, Stripe, and eBay exit Facebook’s Libra ... by davidgerard on Saturday October 12, 2019 @07:38AM (#21232262)

WhatsApp Pay's trial in India has been delayed yet again: https://www.moneycontrol.com/news/business/whatsapp-pay-laun...

reason - 100% regulatory issues.

I would take that "2019" as "2020 or later."

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Re:Visa, Mastercard, Stripe, and eBay exit Facebook’s Libra ... by AlEinstein on Friday October 11, 2019 @07:40PM (#21229399)

Exactly this. Facebook will definitely move forward with some kind of payment system. Libra would have been fantastic for them if it had worked out but it was never their only option. They won't give up on Libra yet though.

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Re:Visa, Mastercard, Stripe, and eBay exit Facebook’s Libra ... by buboard on Saturday October 12, 2019 @06:00AM (#21231850)

I d certainly download whatsapp if they did. It's just mad that there is no such service in the west. It makes a lot of sense really, they 'd avoid the whole negative publicitly and they could have released it as quietly as they did with facebook credits long ago

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Re:Visa, Mastercard, Stripe, and eBay exit Facebook’s Libra ... by hanniabu on Saturday October 12, 2019 @12:06AM (#21230599)

> There was no need for crypto or a Libra association to begin with.

If you're in control of the currency it provides you more flexibility and the blockchain aspect arguably makes it easier to manage the accounting as well.

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