Libra

On the back of last week’s news that PayPal decidedly pulled out of the alliance backing Libra, Facebook’s new cryptocurrency project, Mastercard, Visa, eBay, Stripe and Mercado Pago have also announced their withdrawal from Libra.

Following the announcement that Facebook would be launching its own digital currency, the Libra, PayPal has decided it will be pulling out of the alliance that originally agreed to back the launch.

Ever since the inception of cryptocurrencies, the market on the digital medium has completely changed.

Though it’s still early days, Facebook’s newly launched Libra currency is already causing distress in the financial sector landscape. Some believe Libra is just another come and go cryptocurrency, while others are describing it as a vehicle…

The pound sterling has fallen to its lowest point in twenty-seven months, compared to the dollar and its lowest point in six months, compared to the euro.