RATE Group | Facebook Libra loses PayPal support in ‘huge blow’ for cryptocurrency
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Facebook Libra loses PayPal support in ‘huge blow’ for cryptocurrency

20 Oct Facebook Libra loses PayPal support in ‘huge blow’ for cryptocurrency

Posted at 09:40h in Cryptocurrency News by

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PayPal has withdrawn its support for Facebook‘s Libra cryptocurrency, following significant regulatory scrutiny of the project.

The online payments firm was part of the Libra Association – a 28-member nonprofit organisation set up to oversee the roll-out of the cryptocurrency next year. 

Without elaborating on why PayPal had withdrawn its support, a spokesperson for PayPal said it remained “supportive of…

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