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Facebook's Libra dream is hanging in the balance; Technology Intelligence ; Social media giant's digital currency is searching for a CEO after being labelled a risk to nation states, finds Laurence Dodds in San Francisco

Jan 03, 2020 - The Daily Telegraph (London)

With less than a week to go, everything was still up in the air. The "founding members" of Facebook's new digital currency, Libra, were set to formally sign up to the project at a hotel in Geneva by Oct 14.

Yet Libra was in crisis. On Oct 4, one of its biggest backers, PayPal, had dramatically dropped out without warning. Visa, Mastercard and San Francisco payments company Stripe all had their hotel rooms booked - but their commitment was wavering.

By the time of the signing, all thr...