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08
Oct, 2019

Payl – Pal opts out from Libra Project

Pay – Pal, the largest independent payment provider in the world, announced on Friday 4th October its departure from Facebook’s Libra Project.

 

The announcement from Pay – Pal’s spokesperson referred that the company want to stabilize its operations towards its initial mission and the democratization of financial services to underrepresented populations.

 

The announcement was :

“We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future. Facebook has been a longstanding and valued strategic partner to PayPal, and we will continue to partner with and support Facebook in various capacities”

 

Pay – Pal’s departure seems not to worry Facebook as it has 27 more partners that are willing to implement Libra’s services for their internal governance. In October 14, there will be a partnership agreement sign between the partners for the legal perspective of the newborn alliance.

 

The departure of Pay – Pal may be the starting point for new events in Libra’s case, regarding its controversies with different governments around the world.