Did Facebook Abandon Libra?

Mastercard CEO explains why Facebook's Libra project was abandoned. The lofty goals of the cryptocurrency scheme were not enough to convince financial giants of its potential. Facebook's Libra project was on shaky ground from the start and now Mastercard's chief executive has explained why the firm withdrew.

Did Facebook cancel Libra?

Facebook will no longer make the proposed Libra cryptocurrency the centerpiece of its big blockchain and digital payments plan. Learn more about history of Facebook's crypto project.

What happened Libra Facebook?

Formerly known as Libra, the Facebook-backed digital currency project faced strong opposition from regulators and lost several key backers and executives. At the same time, Diem has gone through a complete makeover and is now in talks with Swiss financial regulators to secure a payment license.