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

HeadlineOct 08, 2019

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.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Up arrowTop