Libra: PayPal first to drop out of Facebook cryptocurrency

Libra: PayPal first to drop out of Facebook cryptocurrency

Image copyright Getty Images Image caption PayPal was one of the first companies to join Facebook’s planned cryptocurrency network

Payments firm PayPal has become the first company to pull out of an alliance that is trying to launch Facebook’s digital currency Libra.

PayPal made the announcement in a statement on Friday, but did not specify what had prompted the decision.

Libra, and its…

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