U.S. payments processor PayPal Holdings Inc announced Friday it was withdrawing ...
FILE PHOTO: Shadow of a 3D-printed Facebook Libra cryptocurrency logo is seen near cryptocurrency representation in this illustration taken, September 13, 2019. REUTERS/Dado Ruvic/File Photo/File Photo
PayPal said it would forgo any further participation in the group, saying instead it would focus on its own core businesses. PayPal is the first financial backer to withdraw from the association after Bloomberg reported earlier this month that it was undecided about formally signing on to the cryptocurrency.
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