PayPal announces withdrawal from Libra Association and will continue to cooperate with Facebook in the future

On October 5th, PayPal announced on Friday that it is withdrawing from Facebook's Libra Association. The company said in a statement that PayPal has decided not to join the Libra Association at this time and remains committed to advancing the company's existing mission and business priorities. PayPal said it still "supports Libra's wishes" and will continue to work with Facebook in the future.