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October 7, 2019

PayPal drops out of Facebook project

NEW YORK (AP) — PayPal is pulling out of Facebook's digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an alternative payments system.

The digital payments company said Friday it is withdrawing from the Libra Association and focus on its existing businesses.


 
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