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Major Payment Processors – MasterCard, Visa, Stripe, And eBay Quits Libra Project, A Setback For Facebook, Inc. (NASDAQ:FB)

A week after Paypal Holdings Inc (NASDAQ:PYPL) quits the Libra Project of Facebook, Inc. (NASDAQ:FB), MasterCard, Visa, Stripe, and eBay followed suit. It is a setback for the ambitions of Facebook to introduce a private global currency to facilitate cross border payments. A 28-member organization crumbles The decision of the major payment processors to withdraw […]

CFO of PayPal Holdings Inc (NASDAQ:PYPL) Says Merchants Stay Away from Cryptocurrency Due to High Volatility

John Rainey, Chief Financial Officer of PayPal Holdings Inc (NASDAQ:PYPL) said the merchants are distancing away from digital currency because of price volatility. PayPal is a leader in accepting cryptocurrencies. The merchants also could accept the digital currency Bitcoin (BTC) since 2014 on the platform when the bitcoin was around $400. According to PayPal, merchants […]

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