Thursday, December 7, 2023
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Cryptocurrency

PayPal Pulls Support For Facebook Libra Cryptocurrency

by Ian Chee
October 7, 2019
Facebook cryptocurrency Libra
26
SHARES
Share on FacebookShare on Twitter

Back when Facebook officially announced its Libra cryptocurrency, one of its partners was PayPal. Said partner has decided to withdraw from the Libra Association. Effectively, this also ends its support for the social media company’s cryptocurrency.

PayPal did not cite a specific reason for the withdrawal. According to The Verge, the company’s statement states that it wants “to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.”

On the other hand, it’s also possible that PayPal is retreating because of Facebook’s apparent lack of concern over regulatory scrutiny. A Financial Times report states that another reason could be the platform’s plan to combat money laundering.

Losing PayPal will not necessarily mean the end of Libra. That said, PayPal is one of the major financial partners, alongside other giants like Mastercard and Visa. Speaking of which, both companies have also considered withdrawing over similar money laundering concerns.

(Source: Financial Times, Wall Street Journal, The Verge)

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Filed Under Calibracryptocurrencydigital currencyFacebooklibrapaypal
Back to top
Share10Tweet7SendShare
No Result
View All Result

TRENDING THIS WEEK

  1. 1
    Computing

    Acer Nitro V 15 Launches With A Starting Price Of RM3,099

  2. 2
    Lifestyle

    Newly Announced Casio G-Shock Models That’s Coming To Malaysia Soon

  3. 3
    Editorial

    A Hands On With Malaysia Airlines’ In-Flight Complimentary WiFi

  4. 4
    Apps

    WhatsApp Officially Enables Sending Uncompressed Photos And Videos

  5. 5
    Telco

    CelcomDigi Introduces “Welcome 2024” Offers For Both Postpaid And Prepaid Customers

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2023 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2023 LOWYAT, LLC. ALL RIGHTS RESERVED.