Quote from Ndubuisi Ekekwe on October 2, 2019, 8:18 PM

Visa and Mastercard are developing cold feet on Facebook Libra, the global cryptocurrency-based payments network. You should not blame these companies as regulatory scrutiny damages the ecosystem.

Visa Inc., Mastercard Inc. and other financial partners that signed on to help build and maintain the Libra payments network are reconsidering their involvement following a backlash from U.S. and European government officials, according to people familiar with the matter. Wary of attracting regulatory scrutiny, executives of some of Libra’s backers have declined Facebook’s requests to publicly support the project

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