PayPal Drops Out of Libra Cryptocurrency in Blow to Facebook’s Plans

HeadlineOct 08, 2019
H11 libra cyrptocurrency paypal facebook

In financial news, PayPal has canceled participation in Facebook’s plans to launch a new global digital currency called Libra. PayPal’s exit is a blow against the social media giant’s plans to partner with credit card companies, banks and gig economy giants to create a cryptocurrency that could reshape the world’s financial system.

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