An analysis of Libra Association members and their history of blockchain involvement

Facebook’s Libra project has been making noise in the news and in the halls of Congress, with CEO Mark Zuckerberg facing a grilling from lawmakers last week. Libra, which these days is being touted more as a payment platform than a currency, is slated to be governed by a diverse range of businesses, nonprofits, and academic institutions that together would make up the Libra Association.

Originally, the Association had 28 founding members, but as controversy and regulatory concerns have grown, a quarter of the founding members have dropped out, with 21 members remaining. The companies that have abandoned the association include Visa, Stripe, Ebay, PayPal, Mastercard, Booking Holdings, and Mercado Pago.