Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.

PayPal officially drops out of Facebook’s Libra project

PayPal is leaving from Facebook's Libra stablecoin project, according to a report by The Wall Street Journal. 

A PayPal spokesperson told WSJ that the company “made the decision to forgo further participation," adding that it remains supportive of Libra's mission and will continue to explore how the two firms can work in the future.

On Thursday, The Financial Times reported that PayPal was the only firm of the 28 inaugural members of the Libra project that did not attend a key meeting in Washington to discuss how Libra would address increasing opposition from global regulators.

In addition to PayPal, Other payments giants - Visa, Mastercard, and Stripe - are also reportedly hesitating to officially sign on to the Libra project.

Possibly Related Threads…
Thread Author Replies Views Last Post
  Discovering How an ICO Twitter Marketing Strategy Will Support Your Project riyasteve 0 354 11-03-2020, 12:51 PM
Last Post: riyasteve