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Vodafone Abandons Facebook-Led Libra Cryptocurrency Project

Jan. 21, 2020, 9:01 PM

Telecom giant Vodafone Group Plc left the Libra Association, becoming the latest company to exit the Facebook-led group trying to create a new global cryptocurrency.

The Libra Association, which was finalized last October, once expected to have as many as 28 total members when the project was announced in June. It is now down to 20 following earlier departures from Visa Inc., Mastercard Inc. and others that had committed to the project but then left before the group signed an official charter.

“Vodafone is no longer a member of the Libra Association,” Dante Disparte, head of policy and ...

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