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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.

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