Facebook’s cryptocurrency push takes a big hit as PayPal cuts ties with Libra (FB, PYPL)

PayPal is dropping its association with Facebook's Libra cryptocurrency, Bloomberg first reported on Friday.
The withdrawal is a huge hit to Facebook's push to establish its own cryptocurrency.
The social media giant announced a partnership with more than two dozen other companies to found Libra, but multiple backers are reportedly reconsidering their involvement.
Visit Business Insider's homepage for more stories.PayPal announced on Friday that it will no longer be part of Facebook's Libra cryp