PayPal, Facebook's Crypto Money Left Libra

By Ulu_Olcayto | Bitcoin Vs Altcoin | 5 Oct 2019


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We found out that Facebook, along with 27 other companies, is attempting a new crypto currency called Libra. However, the Libra began to lose the support of its partners. In this context, the first name to leave the project was PayPal.

Facebook, in recent months, according to some experts who created a financial revolution, according to some experts, which was quite insecure crypto money Libra'yı announced. However, soon after the announcement, the project began to lose the support of partners. Recently, the first link of the chain of project partners was broken.

Crypto currency was founded by Libra, Facebook and 27 partners. However, the US giant PayPal, the partner of crypto money, which was planned to be released in June 2020, withdrew from the project. Thus, he became the first member to give up the project among the partners.

PayPal has announced that it is leaving the Libra partnership, saying it will no longer work with the group and will instead focus on its core business. At the same time, he said, they continue to support what Libra desires and look forward to the ways in which they can work together in the future.

The Libra Council said it will hold a meeting within 10 days and will announce the latest developments.

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