After a number of giant companies withdrew from the Facebook digital currency project, such as “Paypal”, “MasterCard” and “Visa”, appeared a report New indicates the withdrawal of the British telecom company “Vodafone” from the project.

A spokesperson for Vodafone said that the company decided to focus on developing its own products to provide financial services at low costs to various parts of the world.

It is worth noting that the Facebook cryptocurrency project received a lot of support when it was revealed in June 2019.

28 companies joined with the aim of overseeing the proposed digital currency.

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However, the Facebook cryptocurrency project has faced a number of regulatory challenges since its inception, prompting companies such as PayPal, MasterCard, Visa, eBay, Booking and Stripe to withdraw from the project.

A Vodafone spokesperson added:

We remain fully committed to the goal of making a real contribution to expanding financial inclusion and providing financial solutions to various parts of the world.

The Head of Policy and Communications at the Facebook Digital Currency Project, Dante Disparte, commented:

Although the composition of the members of the association on the project may change over time, the internal design of the project ensures that we can continue to operate without any impact.

Doubts about the Facebook digital currency project began after the companies withdrew, and the most important question remains…. Will Facebook commit to launching digital currency this year, or will the launch be postponed?

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