This decision could fail Facebook's 'Books' project



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This decision could fail Facebook's 'Books' project



Their move comes after Paypal withdrew, as Financial Time reported last week.

This is a severe blow to social networking plans that wanted to launch Libran as an international currency for use on the Internet.



The project has had detailed observations by lawmakers and politicians, especially in the US.

Facebook leader Mark Zuckerberg will discuss the “Books” project on Oct. 23 with members of the US congressional Financial Services Commission.

Lawmakers have raised many questions about Libran, such as the high risk of offering a money laundering platform, according to Top Channel.

Mercado Pago, a Latin American payment company, is now withdrawing, leaving with Libran only PayU, the Dutch company.

This decision could fail Facebook's 'Books' project

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