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PayPal Backs Away From Libra

TheMotleyFool

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In a surprise move, PayPal (NASDAQ: PYPL) announced that it has decided not to pursue its involvement with Facebook's (NASDAQ: FB) Libra cryptocurrency project. While it's the first of the 28 involved companies to leave the group, it might not be the last.

In this clip, we discuss why other major players like Visa (NYSE: V) and Mastercard (NYSE: MA) might also decide to back away from Libra.

To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

Source Fool.com

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