Friday, 24 March, 2023

PayPal withdraws support for Facebook’s crypto currency Libra

<p style="text-align:justify"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt">Global digital payment giant PayPal has withdrawn its support from the 28-member non-profit organization &ndash; Libra Association, formed in June 2019. The company has not cited any specific reason, but this came when The Wall Street Journal reported that Visa, MasterCard, and other financial partners are reconsidering their support to Libra. PayPal said that it made the decision to focus on advancing its existing projects and business priorities.</span></span></span></p>