Three months after Mastercard and Visa pulled out of Libra, a cryptocurrency owned by Facebook, it seems the exit door is still open as another member of the Libra Association takes a bow. The new member exiting Libra is a telecommunications company, Vodafone.
Vodafone joined the growing list of Libra Association members, which have abandoned their quest to be part of a cryptocurrency projected to revolutionalise the currency world due to its backers. Before Vodafone, Paypal and eBay had also withdrawn their roles in Facebook’s digital currency.
The company said it wanted to focus on its mobile payment company, M-Pesa which leads the mobile payment market in Africa.