The Libra cryptocurrency coalition "is falling apart", or so CNBC concluded in their report on Saturday on the exit of eBay, Visa, Mastercard and Stripe from the Facebook brainwave on a domineering, bitcoin-style payments product. The news comes one week after PayPal announced its withdrawal. There are now only two payments companies continuing to back the Facebook crypto, CNBC point out. These are Mercadopago (from Argentina) and PayU (from the Netherlands).The global business media reporting on the walkouts is universally cynical, framed by the hostility and interference by the US government and cynical financial regulators as Facebook's social licence dwindles.David Marcus, the ex-PayPal executive leading the Libra project for Facebook chimed in on Twitter: "I would caution against reading the fate of Libra into this. "Of course, it's not great news in the short term, but in a way it's liberating. Stay tuned for more very soon."The pressure has been intense (an understatement), and I respect their decision to wait until there's regulatory clarity for Libra to proceed versus the invoked threats (by many) on their business."