https://apnews.com/6f7cfdd7895542ccab333c8bad281bc8

NEW YORK (AP) — PayPal has pulled out of Facebook's digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an alternative payments system.

The digital payments company said Friday it is withdrawing from the Libra Association so it can focus on its existing businesses.