PayPal announces withdrawal from Libra-Forex cryptocurrency project
The world-famous payment system PayPal has made an official statement about its decision regarding Facebook's project to create a new cryptocurrency Libra. PayPal is leaving this project. The company said it now intends to focus on developing its own business in order to increase public access to various financial services. Talks about a large and significant participant in the project could leave it emerged last week. The reason for this was the absence of representatives of the company at the meeting of the Association, created for the implementation of the Project for the release of Libra. Bloomberg asked Facebook to comment on PayPal's decision. However, the company refused to publicly assess the situation. Observers note an interesting fact. David Marcus, who heads the project, previously served as president of PayPal. Media reports that PayPal is not the only company that has expressed a desire to reconsider its participation in the project.