This article comes fromThe Block, Original Author: STEVEN ZHENG, CELIA WAN

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Odaily Translator |PayPalOn Friday (October 11), payment giants Mastercard, Visa, Stripe, Mercado Pago and e-commerce giant eBay announced their withdrawal from the Facebook Libra project. Count the payment giants that have withdrawn before

At present, six founding members of the Libra Association have announced their withdrawal.

Mercado Pago is the payments arm of Latin American e-commerce giant Mercado Libra. The Block reported that PayU is currently the only payment company in the Libra Association.

A spokesperson for eBay said that eBay highly respects the vision of the Libra Association; however, eBay has decided not to continue as a founding member. Currently, eBay is committed to providing customers with eBay's Managed Payments experience.

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Image source: Twitter

In response, Morgan Creek founder Anthony Pompliano tweeted that Visa and MasterCard had just withdrawn from the Libra Association. Political pressure is too much for business to deal with. Bitcoin's decentralized, leaderless model is the only way for a non-sovereign global digital currency to succeed.

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Image source: Twitter

Image source: TwitterHead of the Libra projectThank you to Visa and Mastercard for sticking to the last moment, and respect Visa and Mastercard's decision to wait until the regulation is clear before advancing Libra. He is wary of interpreting Libra's fate in light of news of several companies pulling out of the Libra project. In the short term, the exit from the Libra project is not good news, Marcus said. More news coming soon, so stay tuned. Changes of this magnitude are difficult. When this much pressure is building up, you know there's something to it.

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Uber, Lyft and Anchorage will still participate in the Libra project

Ride-hailing giant Uber, ride-hailing app Lyft and cryptocurrency custodian Anchorage will remain involved in the Libra project.BBC reporterTweeted by Dave Lee

According to Lyft, the BBC expressed hope for Facebook, which is still in the Libra Association.CNBC reporterSally Shin tweeted

Uber said there was no change to its current involvement, the report said.

Anchorage co-founder Diogo Monica told The Block earlier this week that the company remains committed to the mission of the Libra Association and is proud to be a founding member.The Verge Policy Editor, the founding members who quit the Libra Association this time are all payment service providers except eBay. He believes that traditional payment service providers are regulated and also need to meet the requirements of specific regulations such as fraud, money laundering and sanctions enforcement. Not only that, governments of various countries have also begun to realize that it is difficult for Libra to meet these regulatory constraints, which means that if payment service providers choose to cooperate with Libra, they may eventually face difficulties, and their core business may be completely destroyed by regulatory actions. But for other companies in the Libra Association, this is not a problem. Founding members of the Libra Association include charities, venture capital firms and service providers such as Lyft and Uber. These companies do not face the same pressure from regulators and therefore do not enjoy the same benefits if they opt out.

First meeting of the Libra Association Council is coming soon

according toaccording toThe Verge reports

, the founding members of the Libra Association (currently 22 remaining) will hold the first meeting of the Libra Council in Geneva on October 14. In this meeting, they will identify the different roles each party plays and try to answer any governance questions not listed in the initial white paper. This will generate a formal charter, and each member will sign the new agreement.For Libra-related news, Dante Disparte, Head of Policy and Communications for the Libra Association, spoke atLinkedin says