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Booking Holdings Drops Out of Facebook’s Libra Cryptocurrency Initiative

Mastercard, Visa, and now Booking Holdings are among the companies that have exited Facebook’s Libra cryptocurrency initiative. Associated Press

Skift Take: The Libra cryptocurrency program is falling apart following regulatory pushback. Booking Holdings likely didn’t want the hassle of being associated with such a controversial initiative, which may not get off the ground in the near term.

— Dennis Schaal

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