Booking exits Libra association

Monday, 14. October 2019 17:34

Engineering company and the owner of the travel search site Booking.com, Booking Holdings Inc. said on Monday it is pulling out of Facebook's Libra project.

This announcement came after other companies such as Mastercard, Visa, Paypal and Stripe also decided to exit the Facebook-created company.

Earlier today, in the interview for CNBC, Secretary of the Treasury Steven Mnuchin confirmed the Treasury has been "very clear" that Libra will undergo rigorous inspections in case it doesn't meet money laundering standards.

Related Links: Booking Holdings Inc.PayPal Holdings Inc.MasterCard IncorporatedVisa Inc.
Author:
Breaking the News / TF