Paypal decided to forgo further participation in Facebook-backed Libra Cryptocurrency
R Sinduja
News Editor
Image Credit: shortpedia
Digital payments firm Paypal said its withdrawing from Facebook-backed Libra cryptocurrency group, which has come under attack by regulators. The international outcry is mounting over Libra with central banks and governments railing against FB's upstart cryptocurrency and questions over how it will be regulated. FB envisions Libra as a new global cryptocurrency that will deliver stable virtual money that lives on smartphones.
