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PayPal absent from Facebook Libra cryptocurrency meeting - report

2019-10-06 20:11:00| Telecompaper Headlines

(Telecompaper) The founding members of the Libra Association, partners that support Facebook's own currency plans based on blockchain, all met on 3 October in Washington, with the exception of PayPal, the Financial Times reported. The members met to discuss how to handle regulator opposition to the currency and wallet project. Sources said PayPal gave a no show because it did not think Facebook had done enough to address the backlash against the project, and especially the money-laundering concerns.

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