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PayPal withdraws from Facebook’s Libra cryptocurrency

PayPal withdraws from Facebook’s Libra cryptocurrency

PayPal is pulling out of a group of companies assembled by Facebook to launch its new cryptocurrency. The company said it has decided to ’forgo further participation’ in the Libra Association. Facebook’s Libra project has faced a chorus of bipartisan criticism since it was announced in June.

Kathy
Kathy
Sir_Kutz
Sir_Kutz 1 year

Good. Paypal sucks, but that would have sucked worse.

Nika D
Nika D 1 year

Facebook having a currency would be disastrous. Let Libra fail. PayPal would be great too but seems they have a monopoly (though I closed my 15 year old PayPal account and haven’t missed it even a touch).

Solomon
Solomon 1 year

Great news,I hope many more would leave the MAINSTREAM corrupt MEDIA Houses.

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