Facebook Libra pushes ahead despite hostilities [Video]

The Libra Association is shedding members under pressure from on high.

The Libra Association, the organisation built to manage the Facebook Libra cryptocurrency, started with 28 organisations behind it.

Now the Association has signed itself into more formal existence with just 21 backers left.

Nice business you have here… be a shame if something happened to it

Those original members who are no longer with the Libra Association include Visa, Mastercard, PayPal, eBay, Stripe, MercadoLibre and Booking Holdings, at least some of which were pressured to drop out by US members of congress.

“In response to questions from Congress about the potential risks posed by Libra, Facebook deflects the responsibility of addressing these risks onto potential Libra Association members, such as your companies,” senators Brian Schatz and Sherrod Brown purred to Stripe, Mastercard and Visa in vaguely explicitly threatening letters.

“Facebook is currently struggling to tackle massive issues… and it has not demonstrated an …