Oct 15, 2019 11:22:00

From the virtual currency `` Libra '' Booking Holdings also decided to withdraw from the initial partner by a quarter

Booking Holdings, which oversees the booking site “Booking.com”, etc., has left the “ Libra Association ”, which was established to run the virtual currency “Libra” advocated by Facebook. The withdrawal of the only large listed company out of the remaining partner companies with a market capitalization of more than 9 trillion yen, combined with the fact that partners were reduced to three-quarters from the original 28, was a major pain for the Libra Association. It seems to be a hand.

Libra Loses a Quarter of Its Members as Booking Holdings Exits-Bloomberg
https://www.bloomberg.com/news/articles/2019-10-14/booking-holdings-is-latest-to-pull-out-of-libra-association

The “Libra Association” is an organization for managing the virtual currency “Libra” led by Facebook, and just as the official service in of “Libra” has not yet been established, the association has not yet officially started.

However, 'Libra' has been decided to be blocked in France and Germany before the service starts.

Facebook's original virtual currency `` Libra '' has been decided to be blocked from France and Germany & has undergone rigorous investigation from central banks of each country-GIGAZINE

Starting with

PayPal's withdrawal , Visa, Mastercard, eBay, Stripe and Mercado Pago also decided to leave the Libra Association.

Partner companies withdraw from Facebook's virtual currency `` Libra '' one after another-GIGAZINE

The members of the Libra Association were scheduled to meet in Geneva on Monday, October 14 to make a final decision on the initial members, but it was “Leaving Booking Holdings” that jumped into it.

The withdrawal of PayPal, Visa, and Mastercard, which had already been successful in financial services, should have been quite painful. The withdrawal of Booking Holdings, a large-scale public offering, is expected to be even more painful.

Bloomberg asked for comments from the Libra Society, but no response was received.