Paypal Abandons Libra, May Indicate Larger Plans for the Payment Company

PayPal has announced that it will withdraw from the Libra Association, which is yet another blow to Facebook’s planned digital currency. Whereas it is no secret that politicians and financial regulators are highly skeptical of Libra, this move is the first indication of a rift among the platform’s partners. It also underscores the challenge legacy financial institutions face as they try to enter the crypto space. 
Some reports have indicated that PayPal’s decision is based