Facebook Libra is Highly Criticised

Facebook's Libra is being hammered severely. It is experiencing dropouts from partners as well as it is also being prone to excessive international body scrutiny.

Facebook Libra appears to be weak on the safety and Financial stability aspect. After PayPal, Mastercard, Visa, eBay, Stripe and Mercado Pago have all left the Libra Association.

US senators might be the real culprit behind the above companies changing decision. Digital currencies in order to receive any approval might be legally secured, safe and should work towards protecting consumers.

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