Alt Coins

Mastercard CEO Reveals Why His Firm Quit Libra Over Several Red Flags


Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a clear business model.

In an interview with the Financial Times, the payment services chief, who has headed up Mastercard since 2009, described the various red flags that led to his decision to pull the company from the project. “It went from this altruistic idea into their own wallet. I’m like: ‘this doesn’t sound right,’” said Banga, adding that, “If …

Read The Full Article On

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Related posts

How to use stablecoins to earn a higher APY


Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record


Libra Vice Chair Unconcerned By High Profile Departures


Leave a Comment