Vodafone resigned from Libra Association, refusing to participate in the development of the Facebook project

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British telecommunications company Vodafoneannounced the withdrawal from the Libra Assotiation. The company's decision is identical to PayPal, Mastercard, Visa, which previously made a similar decision to leave the project from Facebook.

A Vodafone spokesman said the company intends to focus on developing its own products and providing affordable financial services to the poor.

When Facebook first launched itscryptocurrency project, 28 companies joined it, subsequently formed an association. However, since then, regulators in many countries have been skeptical about the idea of ​​creating stablecoin, which has forced many companies to reconsider their decision regarding the project. PayPal, Mastercard, Visa, Mercado Pago, eBay, Stripe and Booking Holdings - and now Vodafone - have already left the Libra Association.

From the very beginning we talked about the desire of Vodafoneto make a real contribution to expanding financial affordability, ”a company spokesperson told CoinDesk.“ We remain fully committed to this goal. ”

Libra Association spokesperson confirms factVodafone Care. According to the head of the department of politics and communications, Dante Disparta, despite changes in the composition of the Association, Libra still guarantees stability in the work of the payment system.

However, regular exits of companies from the associationquestion the ability of Libra to launch this year. In fact, according to a recent poll by The Block, 67.9% of industry insiders believe that the project will not be launched in 2020.