Facebook’s cryptocurrency push takes a big hit as PayPal cuts ties with Libra

PayPal is dropping its association with Facebook’s Libra cryptocurrency, Bloomberg first reported on Friday.The withdrawal is a huge hit to Facebook’s push to establish its own cryptocurrency. Media – Giant – Partnership – Dozen – Companies The social media giant announced a partnership with more than two dozen other companies to found Libra, but multiple backers are reportedly reconsidering their involvement.Visit Business Insider’s homepage for more stories. PayPal – Friday – Part – Facebook -…

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