Facebook's Libra Loses EBay -FT
October 11 2019 - 4:24PM
Dow Jones News
--EBay Inc. (EBAY) is dropping out of Libra, Facebook Inc.'s
(FB) nascent cryptocurrency, The Financial Times reported
Friday.
--A spokesperson for eBay said, "We highly respect the vision of
the Libra Association; however, eBay has made the decision to not
move forward as a founding member. At this time, we are focused on
rolling out eBay's managed payments experience for our customers,"
according to the report.
--PayPal and Stripe also have withdrawn from Libra.
Newspaper website: www.ft.com
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 11, 2019 16:09 ET (20:09 GMT)
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