PayPal has pulled 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 ...

The two companies announced they would leave the association Friday afternoon, as did eBay, Stripe, and Latin American payments company Mercado Pago. They join PayPal which exited the group a week ago ...

David Marcus, the former head of Facebook’s blockchain project Libra—later rebranded as Diem—has revealed that political opposition ultimately doomed the ambitious stablecoin initiative. In a detailed ...

BERLIN (Reuters) - Germany's Finance Minister Olaf Scholz told Reuters on Tuesday that the recent withdrawal of several important companies from Facebook's Libra project was a good sign, adding that ...