EBay and Stripe drop out of Facebook’s libra cryptocurrency project, one week after PayPal

From cnbc.com

video EBay and Stripe are dropping out of Facebook’s libra cryptocurrency project, the companies announced Friday. The news comes one week after PayPal announced its withdrawal as government regulators continue to scrutinize the plans. In a statement, an eBay spokesperson 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.” A Stripe spokesperson said in a statement, “Stripe is supportive of projects that aim to make online ... (full story)