PayPal has withdrawn from the Libra Association, the 28-member group Facebook put together this summer to pursue a global cryptocurrency project. “PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations,” the company told Bloomberg today (Oct. 4). David Marcus, head of Calibra (Facebook’s crypto wallet), was previously president of PayPal. Read More...
Why PayPal’s withdrawal from Facebook’s Libra project stings extra
PayPal has withdrawn from the Libra Association, the 28-member group Facebook put together this summer to pursue a global cryptocurrency project. “PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations,” the company told Bloomberg today (Oct. 4). David Marcus, head of Calibra (Facebook’s crypto wallet), was previously president of PayPal.
Add Comment