PayPal was one of several corporate backers of Facebook's 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 said in a statement. PayPal said it is still "supportive of Libra's aspirations" and that it will continue to partner with Facebook in the future.
But recently, that group of corporate backers has started to show some cracks. The Wall Street Journal reported that the group behind the global currency payments network is becoming fractured.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Facebook Libra payment partners are wavering, sources sayVisa Inc., Mastercard Inc., PayPal Holdings Inc. and Stripe Inc. are wavering over whether to sign onto Facebook's cryptocurrency project.
Consulte Mais informação »
U.S. House panel wants Facebook's Zuckerberg to testify on Libra by JanuaryFacebook Inc Chief Operating Officer Sheryl Sandberg has tentatively agreed to t...
Consulte Mais informação »
House members push for Zuckerberg to testify on Facebook's cryptocurrency plans, not just his deputiesThe growing pressure for Zuckerberg to testify comes after the House Financial Services committee was in talks for his No. 2 to appear.
Consulte Mais informação »
10 Reasons Why Libras Are a Blessing in Everyone’s LifeIf you're a Libra, or about to date or marry a Libra, click here to find out everything you need to know about this awesome zodiac sign!
Consulte Mais informação »
Mars in Libra Shows You Who Your Real Friends AreAnd makes you a better one, too!
Consulte Mais informação »
Why Facebook categorizes phrases like 'men are trash' as hate speech, according to Mark ZuckerbergIn leaked audio from a July Facebook Q&A, Mark Zuckerberg gave one of the most detailed explanations of Facebook's content moderation policy to date.
Consulte Mais informação »