Facebook’s Libra Gets First Payment Company to Join Since 2019 Exodus
Facebook's (NASDAQ: FB) Libra Association, the governing body for its digital token, just landed its first payments company as a member since Visa, Mastercard, and Stripe pulled out in 2019.
In a blog post Tuesday, UK digital payments company Checkout.com announced that it had joined the Libra association. Checkout.com believes in the potential benefits of digitally-native currencies, but also feels strongly that regulation should be a part of any new paradigm for global transactions. Absent regulation, Checkout.com CEO Guillaume Pousaz said technological advancements alone will fail to provide a secure and stable infrastructure, hurting the adoption of cryptocurrencies. With Libra, Pousaz believes Checkout.com has found a partner that shares its vision.
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Source Fool.com
