PayPal withdraws its support from Facebook's Libra Association
PayPal has announced that it is withdrawing from the Libra Association, which unites supporters of the new libra cryptocurrency conceived by Facebook. The company said that they still support the emergence of such currency, but that they want to focus on their business. This, however, is a democratization of access to financial services even for disadvantaged groups.
This sounds very polished, so speculation arises as to what is really in the background.
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Probably Paypal feels that their reputation is being sullied for being associated with Facebook.
Yeah, maybe you're right :)