US senators warned Stripe about Facebook currency

27th October, 2019

Two United States senators wrote to Stripe co-founder Patrick Collison to share “deep concerns” about Facebook’s global digital currency venture, Libra.

Major financial tech partners have dropped out of the ill-fated Libra crypto currency in recent weeks, including multibillion dollar fintech firm Stripe.

Senators Brian Schatz and Sherrod Brown wrote to Limerick-born Collison on October 8, expressing concern about what they said were “risks” the project posed to consumers, financial institutions...

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