Facebook's (FB) fledgling cryptocurrency Libra just received a slew of bad news Friday afternoon as Visa, (V) , Mastercard (MA) , Stripe and eBay (EBAY) announced that they are all withdrawing from the Libra Association.
The announcements come just one week after PayPal (PYPL) announced that it was stepping away from its involvement with Libra.
The Libra Association's stated goal is to develop a robust ecosystem of financial products that will allow people to use Libra everyday, around the world. When it was first started it featured 28 companies.
That number is now down to 23.
The Libra Association is scheduled to meet in Geneva on Oct. 14. Meanwhile, Facebook CEO Mark Zuckerberg is scheduled to testify on before the House Financial Services Committee on Oct. 23.