Another Big Name Exits the Libra Association
The Libra Association‘s membership continues to shrink as British telecommunications conglomerate Vodafone has become the latest to announce a split from the group. The Libra Association describes its role as working “to evolve and scale the network and reserve” of the planned Libra cryptocurrency.

Despite publication of a signed charter in October last year, with Vodafone representation signing on, the group confirmed their departure Tuesday and noted in a statement: “We will continue to monitor the development of the Libra Association and do not rule out the possibility of future co-operation.”

The association, which began with 28 founding members, is now down to 20 as Booking Holdings, Ebay, Mastercard, Mercado Pago, Paypal, Stripe, Visa and Vodafone have all exited. Vodafone is making the move to direct resources and attention to M-pesa, its own digital payments service. Some speculate Libra’s ongoing confrontations with government regulators and financial policymakers could also be an influencing factor in the decision.

Libra Pushes Forward Despite Uncertainty
Dante Disparte, the Libra Association’s head of policy and communication said in a statement issued to multiple media outlets:

Although the makeup of the Association members may change over time, the design of Libra’s governance and technology ensures the Libra payment system will remain resilient. The Association is continuing the work to achieve a safe, transparent, and consumer-friendly implementation of the Libra payment system.

Sourced through Scoop.it from: news.bitcoin.com