PayPal on the verge of quitting Facebook’s Libra project
https://www.ft.com/content/6af11092-e5fd-11e9-9743-db5a370481bc?shareType=nongift
All 28 backers of Facebook’s plan for a new global digital currency were due to gather to discuss how Libra would tackle increasing opposition from regulators, but people familiar with the event said PayPal had not been present — the only one not to show.
A decision by the payments group to quit Libra would be a big blow for the project, which is being steered by David Marcus, a Facebook executive who was previously PayPal’s president.