Visa, PayPal May Bear a ‘Heavy Burden’ With Facebook Crypto Plan

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Visa, PayPal May Bear a ‘Heavy Burden’ With Facebook Crypto Plan

Visa Inc., Mastercard Inc. and PayPal Holdings Inc. may have boosted the single, greatest risk they face — that of tougher regulation — by becoming early backers for Facebook Inc.’s new digital money, called Libra.

That’s according to Morgan Stanley analyst James Faucette, who wrote that the three companies face a potentially “heavy burden” as already-fierce regulatory scrutiny is likely to keep growing.
 
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