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PayPal can freeze through Facebook cryptocurrency scales



Facebook cryptocurrency & # 39; s & # 39; & # 39; Libra is reported to be on the brink of losing another partner after Paypal ] at a key meeting in Washington on Thursday.

According to the Financial Times, all 28 adherents of the digital currency Facebook Facebook the project was set up to meet and discuss the ways through which Libra could overcome careful scrutiny by regulators.

However, people familiar with the matter told FT that PayPal did not appear.

If digital payments company were to go out Libra it would certainly be a huge blow to the project going inside Facebook ] Davy Marcus, Formerly ] PayPal President President .

Apparently, one person from PayPal stated that was worried that Facebook was not done enough to address the project with special problems related to money laundering.

"It seems like there hasn't been much previous work with regulators," the man said. . "[Payments] Companies do not want [regulatory scrutiny] to be incorporated into their business ."

They went on to say that it is likely that PayPal will go back down, but he did not dispute that he may later return to the project .

Dante Dyspart, Head of Policy and Communications of the Libra Association, said: Building a payment network such as Theresa's project is not an easy path. We recognize that change is difficult and that every organization that embarks on this journey will have to make its own risk assessment and reward when it is required to see through the changes promised .

Disparte continued to note that "1500 people" stated that they would participate in Libra .

It is believed that members of the Libra Association Facebook have donated $ 10 million to participate in the project but they have yet to deposit the cash.

The report comes just days after Marcus went back to the Wall Street Journal ([19659082] WSJ Report ), which claimed that Mastercard on the possible withdrawal from the project .

Marcus did not directly deny the general theme ] of WSJ's work, but went on to say that he was the original (and official) group of Libra & # 39; ] s partners "will be formalized in the coming weeks".

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Posted October 4, 2019 – 08:10 UTC


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