RATE Group | Checkout.com joins Facebook-backed digital currency project Libra
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Checkout.com joins Facebook-backed digital currency project Libra

29 Apr Checkout.com joins Facebook-backed digital currency project Libra

Posted at 04:20h in Cryptocurrency News by

Facebook Chairman and CEO Mark Zuckerberg testifies before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” in the Rayburn House Office Building in Washington, DC on October 23, 2019.

Mandal Ngan | AFP | Getty Images

British payments start-up Checkout.com has joined the Libra Association, the digital currency project set up by Facebook last year.

Checkout.com is the first payment processor to join the initiative since U.S. giants Visa, Mastercard and Stripe all pulled out over regulatory concerns in October. In recent weeks, other firms have said they will back Libra, including e-commerce giant Shopify, non-profit organization Heifer International and cryptocurrency brokerage Tagomi.

Libra was introduced by Facebook back in June as a global currency that would allow users to make faster and cheaper cross-border payments. But the project quickly drew the ire of policymakers around the world who worried…

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