PayPal Unfriends Facebook’s Libra Cryptocurrency

in General When he introduced the Libra cryptocurrency in June, Facebook executive David Marcus began by invoking a founding vision of PayPal, a company he used to run. PayPal’s founders imagined a system of digital money that would seamlessly cross borders, doing for money what digitization had already done for communications. Libra, he said, was the realization of that vision—made possible by new technologies like blockchain. And while Facebook was Libra’s progenitor, it would be overseen by t…

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