“We’re better off knowing about this lack of commitment now, rather than later,' Libra said in response.
PayPal announced it is pulling its participation in Facebook's cryptocurrency venture Libra, despite supporting it since its founding.
Libra confirmed PayPal's withdrawal to ABC News and Dante Disparte, the head of policy and communications for Libra, told ABC News in a statement that they were better off knowing about their lack of commitment"now, rather than later." Facebook announced in June that it would launch Libra, its own cryptocurrency, in 2020, and faced almost immediate backlash.
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