Facebook faces a rough road ahead with Libra,
but defections by high-profile partners are still
unlikely to spell the end for the digital currency.
Visa and MasterCard announced their
departures from the Libra project, as did
e-commerce giant eBay and payments startup
Stripe. Last week, PayPal became the first major
company to drop out of Libra. The exodus comes
amid growing — not to mention stronger-than-
anticipated — regulatory pushback against
Libra in the U.S. and elsewhere.
“It’s a big setback for them but it’s not the end,”
said Gartner analyst Avivah Litan.