Paypal to leave Libra

[Moiyah]

Because of the past issues of Facebook like mishandling information and privacy problem, I think they will now harvesting their negligence.
If Paypal leave the Libra then Zuckerberg is in a big trouble. Not only Paypal is skeptical to continue to renew their service, other gigantic payments like Mastercard and Visa is also hesitate to continue signing up for another project. If this happen, Facebook will be again the talk of the town. We’ll see how Zuckerberg will solve the incoming problem and dillema.

[rdewilde]

This isn't a good news for Libra at all, not as if I really believed the project before now; but with PayPal leaving then it shows something is wrong which we might not be seeing. The issue is, PayPal is one of the big shot in the financial payment systems thus is anticipated to play a big role in Libra , but with this latest development, others might leave while others might join, it's now a two way thing. This project has been questioned for a long time now I doubt if it will actually launch.

[kravas86]

I think that the main problem of institutional investors leaving is the inefficiency of BAKKT. Many hoped that there would be drastic changes but they did not happen. Therefore, many people cease to believe in the prospects of investments in the cryptocurrency sector.

[Ibizugbe1]

The government has too many power and want to control everything forever, the article state that "they fear a possible scrutiny extension to their current business". Let them protect their current business before the politician make some stupid policy.

[asus09]

Before know more about bitcoin as payment and investment currency first I know is PayPal,  I use PayPal for purchase payment joining revshare project but after faced many trouble with PayPal I move my self and using bitcoin, you will got the same proble if you use PayPal because you will be really careful with your IP address using PayPal.

[yazher]

A sadden news for today, this is something we must face and we need to understand their decisions. there must some kind of explanation but let's leave them for later. the official speaker of the Paypal company will explain it to us. as for the Libra, I don't know if this will affect their current fame. right now, the investors must be careful about investing in this project since this kind of scenario is not normal scenery for every day. stick to the rules, invest only what you can afford to lose.

[Arsenyo]

Naah, Labra is literally shitcoin. It's not a surprise that Libra's investors abandon this project. I don't think Libra will succeed. We do not need Zuckerberg as a blockchain community. He needs to observe users privacy and sell them to the governments lol. He needs to stay away from blockchain and this ecosystem. I've never believed him and never will. He is just a scammer and as a blockchain community, we hate scammers

Bitcoin can achieve this alone, it did well from the beginning to the now. Adaption is increasing, more investors are coming day by day. Amazon, IBM, Wallmart, Nasdaq and many more technology giants already joined the ecosystem to use blockchain technology in their supply chains etc. So, what I'm trying to saying is just stay away from Libra and Zuckerberg.

Totally agree with you. I hate both Facebook and Libra, I never believed in this project. More and more people repeat that launch of Libra will help crypto world. Will it? I am not sure. And I wasn't surprised about paypal to leave libra as its launch from the very beginning was doubtful.

[ashmodeus]

hello Libra , how are you ? 
did u fine after that news ? , i guess not.
well, hope it can be happened, because as far i've read , paypal still considering of leaving from Libra project.
however, even if paypal leaving, i guess Libra still strong with another partner such as mastercard,visa,uber,etc.
but, somehow, i just think , Libra project not dedicated pure for blockchain ecosystem. i mean its just like "mask".
just imagine by yourself, big companies in the world associate with each other to create a new project,and it will be mass adopted by the world directly.
monopoly the world or conqueror the world ?
or maybe i just too paranoid about zuckerberg 

[Lhaine]

Naah, Labra is literally shitcoin. It's not a surprise that Libra's investors abandon this project. I don't think Libra will succeed. We do not need Zuckerberg as a blockchain community. He needs to observe users privacy and sell them to the governments lol. He needs to stay away from blockchain and this ecosystem. I've never believed him and never will. He is just a scammer and as a blockchain community, we hate scammers

Bitcoin can achieve this alone, it did well from the beginning to the now. Adaption is increasing, more investors are coming day by day. Amazon, IBM, Wallmart, Nasdaq and many more technology giants already joined the ecosystem to use blockchain technology in their supply chains etc. So, what I'm trying to saying is just stay away from Libra and Zuckerberg.

Totally agree with you. I hate both Facebook and Libra, I never believed in this project. More and more people repeat that launch of Libra will help crypto world. Will it? I am not sure. And I wasn't surprised about paypal to leave libra as its launch from the very beginning was doubtful.

even you hate or not we cannot take the fact that libra will help crypto currency addoption .

[livingfree]

There might be a reason why PayPal did not attend their meeting. This is still a speculation that PayPal might leave but unless proven and stated, then that should be reported and told to the public.

But if PayPal really has the attention to withdraw, this will give impact to the project and could also pull other investors as stated to the article like Visa and Mastercard. Not yet launched but there's a rumor that many will back out from this project. Let's wait for more announcement.

[Upgate]

I read in an article I don't know how genuine it is that PayPal where planing on creating their own stable coin just like what Libra coin would be. So hearing this my be as a result of that. More company's will get to try out their own coin

[Roidz]

Until now there have been no explanation from PayPal why withdrawing support from the Libra project, according to info from an article, if the Libra party said that if there were Three big investors who had withdrawn their support from the Libra project, and it seems that their reasoned were still related to the Libra Coin regulator, so investors are worried that the high spotlight on regulators in Libra coin will affect their other businesses.
It seems like Libra is a project that has problems now so that this might cause a delay in the launch of Libra Coin in 2020, I personally am not to sure if the Libra coin will be able to develop fully.

[negancoin]

That is what I was expecting from companies like Paypal after the regulatory backlash Libra has received recently, they don't have what it takes to make regulatory changes, they like to be in safe the zone, but the future is for those who take risk and challenge the current system to make the change. I think they joint the project in first place because they were afraid that facebook could take market, so they decided to be part of it, but after the regulatory backlash they are changing their strategy.

[enhu]

A financial times article reports Paypal is on the verge of leaving Libra project as a founding member.
Coindesk explains it https://www.coindesk.com/paypal-might-withdraw-from-libra-association

Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?

Honestly, I don't like Paypal to be part of Facebook Libracoin I'm glad they left the group, we all know Paypal hates Cryptocurrency, they are in a hurry to limit their users who are involved in Cryptocurrency, they don't deserve to be in the Cryptocurrency sphere if they still implement that rules and Paypal is a direct competitor of Cryptocurrency.

They haven't yet leave the association. There were merely just assumptions, the article says itself paypal might withdraw. I still wish the project will continue though. Can't believe they hire big organization to settle all the issues for the project to be developed, it would be a waste to leave after all the efforts.

[Lhaine]

A financial times article reports Paypal is on the verge of leaving Libra project as a founding member.
Coindesk explains it https://www.coindesk.com/paypal-might-withdraw-from-libra-association

Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?

Honestly, I don't like Paypal to be part of Facebook Libracoin I'm glad they left the group, we all know Paypal hates Cryptocurrency, they are in a hurry to limit their users who are involved in Cryptocurrency, they don't deserve to be in the Cryptocurrency sphere if they still implement that rules and Paypal is a direct competitor of Cryptocurrency.

They haven't yet leave the association. There were merely just assumptions, the article says itself paypal might withdraw. I still wish the project will continue though. Can't believe they hire big organization to settle all the issues for the project to be developed, it would be a waste to leave after all the efforts.

its mean that the article is not really sure if paypal might leave libra maybe this use that news to get more exposure of libra even its from negative sides,

[Vitamin_52]

you say that he is on the brink of exit, yo still not released and project. means this HYIP. or in the project found negative bands that reject investors, then libra is not long

[torrantz]

I think that the main problem of institutional investors leaving is the inefficiency of BAKKT. Many hoped that there would be drastic changes but they did not happen. Therefore, many people cease to believe in the prospects of investments in the cryptocurrency sector.

BAKKT has nothing to do with libra because it has no relationship. Libra a lot of chance to be cancelled by US law due to the regulation.

BAKKT is just like a gateway for new money from investors but the problem of libra is not only with SEC but with the whole of bankers and Lawmakers in US.

I believe libra is dead and never be launched.

[bitcon]

Libra is still widely questioned because there are several Libra sales on different sites people say it's just a fraud so investors have to be careful, then how about this news I can't really understand how Libra will be bright in the future or not.

Libra has received a lot of feedback from regulatory authorities, mostly negative, but now the project has internal problems. Four large companies that were the founders of the Association are thinking now seriously of their complete departure. Visa, Mastercard, Paypal, and Stripe are currently vacillating about their position as a member of the Libra Association.

So, now, some people doubt if FB coin appears 

[#Darren]

I believe it should have happened sooner or later, because in my eyes Libra is a direct competitor of Paypal. Libra wants to achieve cross border payments without time and place restrictions based on blockchain technology.  The same things does paypal but in a centralised way.

[Metall303]

I believe it should have happened sooner or later, because in my eyes Libra is a direct competitor of Paypal. Libra wants to achieve cross border payments without time and place restrictions based on blockchain technology.  The same things does paypal but in a centralised way.

if Libra succeeds in resolving all issues with the authorities then it will become a competitor, but now this is just an idea that everyone is talking about. we don’t know whether Libra can be implemented