Facebook’s Libra cryptocurrency dealt blow by PayPal’s departure

From nakedsecurity.sophos.com

Has PayPal just dealt a body blow to Facebook’s Libra cryptocurrency?

In emails sent to journalists last week, the company abruptly announced that it was leaving the Libra Association, the 28-strong organisation of global companies and non-profits, including Facebook, set up to oversee its roll out.

Given that Libra was only announced in June, with a proposed launch in 2020, to the untrained eye this will look like an unexpected change of heart.

Read more…