EBay exits Facebook’s cryptocurrency Libra

Technology

FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach/File Photo

(Reuters) – EBay Inc said on Friday it would exit Facebook Inc’s planned cryptocurrency Libra, joining Paypal.

“We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member,” EBay said in a statement.

Reporting by Munsif Vengattil in Bengaluru; Editing by Shinjini Ganguli

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