https://www.wired.com/story/paypal-unfriends-facebooks-libra-cryptocurrency/

When he introduced the Libra cryptocurrency in June, Facebook executive David Marcus began by invoking a founding vision of PayPal, a company he used to run. PayPal’s founders imagined a system of digital money that would seamlessly cross borders, doing for money what digitization had already done for communications. Libra, he said, was the realization of that vision—made possible by new technologies like blockchain. And while Facebook was Libra’s progenitor, it would be overseen by the Libra Association, a group that included 28 initial partners, including PayPal.

On Friday, after a tumultuous start for Libra involving incensed regulators, testy congressional hearings, and reports of cold feet from Libra Association members, PayPal said it is leaving that vision behind.