Factbox: Facebook's Libra in trouble as firms jump ship

A small toy figure stands on representations of virtual currency in front of the Libra logo in this illustration picture, June 21,2019. REUTERS/Dado Ruvic/Illustration

(Reuters) - A number of payment processors and fintech companies that joined Facebook Inc's digital currency project Libra with great fanfare earlier this year, have abandoned the project, dealing a blow to the social media giant's plans.

The move follows warnings from politicians and regulators around the world about the implications of creating a global digital currency and the threat it will pose to financial stability, undermining users' privacy and facilitating money laundering.