PayPal has security and regulatory concerns.
In what could be a lethal blow to Facebook Inc.’s controversial Libra project, PayPal Holdings Inc. said it is withdrawing from a group of companies supporting the global digital currency.
A person close to PayPal said it is concerned Facebook has not done enough to respond to concerns that the currency could be susceptible to money laundering, according to the FT. The Libra project is headed by David Marcus, who was previously PayPal’s president. When Libra was unveiled in June, Facebook described it as an easy, inexpensive way for consumers to transmit money globally via digital wallets on their smartphones without the need for a bank. An independent, third-party organization, the Libra Association, was established to govern the currency.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WSJ News Exclusive | PayPal Drops Out of Facebook’s Libra Payments NetworkPayPal Holdings Inc. is withdrawing from the group of companies Facebook Inc. assembled to launch a global cryptocurrrency-based payments network.
Weiterlesen »
PayPal withdraws from Facebook's libra cryptocurrencyPayPal was one of several corporate backers of Facebook's cryptocurrency project.
Weiterlesen »
PayPal becomes first member to exit Facebook's Libra AssociationU.S. payments processor PayPal Holdings Inc said on Friday it was leaving Libra ...
Weiterlesen »
PayPal withdraws from Facebook's Libra AssociationU.S. payments processor PayPal Holdings Inc announced Friday it was withdrawing ...
Weiterlesen »
PayPal pulls out of association for Facebook's Libra cryptocurrencyPayPal has announced it will pull out of the Libra Association, the governance organization for the cryptocurrency developed by Facebook
Weiterlesen »