PayPal Abandons Facebook-Backed Libra Cryptocurrency Group

Pioneering digital payments firm PayPal on Friday said it will no longer be part of an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has come under attack by regulators.
“PayPal has made the decision to forgo further participation in the Libra Association at this time,” the California-based company told AFP.
“We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future.”
International outcry is mounting o…

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